Happy Thanksgiving to our listeners in the United States. We have lots to be thankful for. I’m personally thankful for a long list of things. I’m thankful for my health, for my family, for having the privilege of working with great people. I’m grateful for friendship and for you the listener to the podcast. I love listener questions.
On today show, we are looking at several leading indicators that are painting a much clearer picture of what’s happening in the economy then the shortlist of lagging indicators that the federal reserve references as meaningful in their committee meetings that are held a times a year.
The Federal Reserve is fixated on inflation, Gross, domestic product and unemployment. The only way to reduce wage and price increases is with a contraction in aggregate demand. However, government spending continues to grow with any contraction being disproportionately, concentrated on the private sector. The government didn’t get the memo that demand needs to shrink.
