Activity

I’d like to share a little numbers project I went through this afternoon. To show the weight of our reality, outside of those other annoying distractions. Tomorrow the Q2 GDP numbers will be released. The consensus is -35%. Add that to the -5% print in Q1, the economy contracted -40% so far this year. For some perspective, from 2000 to 2020, the total GDP was 37.8%. So now the economic growth for the past 20 years is going to be -2.2%. Maybe a 20 year recovery from all this? Who knows at this point. Also over these past 20 years, using government softball numbers, close to 50% inflation. Meanwhile the deficit rose 472.2% over that period. But don’t worry folks, we’re almost at all time highs in the markets, with recently 50 million laid off. Another fun fact, since 1913, again using their numbers, the dollar is worth four pennies. At market close, with the suppressed gold price of $1960 per oz, this would make the 1913 dollar worth One Penny. Nothing to see here, move along. It’s only a minor depression, take two aspirins and call me in the morning.