Tuesday , December 1 2020
Home / David Stockman /What Strong Economy? Powell’s Either Stupid Or A Blatant Liar

What Strong Economy? Powell’s Either Stupid Or A Blatant Liar

Summary:
And yet, Industrial Production as a whole, the headline index, fell by more than 1% year-over-year in October. Not only is that a rare negative for overall IP, that’s at a rate about equal to the (revised) estimates for the month of June 2015. And in June 2015, the rate for crude production was +7.2%.  As with today’s retail sales, the Fed’s IP series is also suggesting a lot that looks entirely too familiar. https://davidstockmanscontracorner.com/?p=359476&preview_id=359476&preview_nonce=0e62eb10f3&preview=true

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Hey, Gauleiters of Lockdown! How Do You Explain Taiwan?

David Stockman writes The Strangely Unscientific Masking of America

David Stockman writes Mooaar Helicopter Checks—Just In The (St.) Nick Of Time!

David Stockman writes Achtung! Under New Enabling Act, German “Corona Deniers” Will Be Dealt With

And yet, Industrial Production as a whole, the headline index, fell by more than 1% year-over-year in October. Not only is that a rare negative for overall IP, that’s at a rate about equal to the (revised) estimates for the month of June 2015. And in June 2015, the rate for crude production was +7.2%.  As with today’s retail sales, the Fed’s IP series is also suggesting a lot that looks entirely too familiar.

What Strong Economy? Powell’s Either Stupid Or A Blatant Liar

https://davidstockmanscontracorner.com/?p=359476&preview_id=359476&preview_nonce=0e62eb10f3&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *