Economic Data Points:
a) Only 18 US banks failed in 2014, the lowest in any year since 2007, before the Great Recession,
b) the jobless rate in Minnesota fell to a 13-year low of 3.7% in November, the lowest rate since April 2001
c) the percentage of Americans agreeing that it’s a good time to find a quality job rose to 45% in January, the highest percentage since May 2007. (via Mark Perry)
And here is the explosion in money supply that has caused the fake boom:
This is not going to end well. Expect eventual price inflation far above the expectations of Federal Reserve economists.
No comments:
Post a Comment