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(1,719 posts)
10. Clarification
Fri Oct 21, 2022, 01:05 AM
Oct 2022

I am not saying the economy is great. It's not - it is recovering from the pandemic, and there are massive distortions at work right now. Stocks and IRAs are down because you can't lower inflation until price signals adjust to reflect demand, which means discounting.

Ironically many companies are doing exactly the wrong thing right now: reducing head count to increase profitability. This destroys demand, while doing nothing for inventory, and instead sends more companies into death spirals as they lose the ability to remain competitive. Companies should be reducing dividends now, even taking a short-term loss, but that is so anathema to what has evolved out of capitalism as to be unthinkable.

As to messaging, Biden has said precisely this. However, every time he does, America's passion poor excuse for journalism kicks up the volume on the lies. Americans don't like uncomfortable truths. This is unfortunate because it will spell the.end of the country when denial us no longer an option.

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