Just keep thinking about “Green shoots” and hoping that the Chinese economy will pull us out of our slump…please ignore things like this:
The federal deficit climbed higher into record territory in July, hitting $1.27 trillion with two months remaining in the budget year.
The Treasury Department said Wednesday that the July deficit totaled $180.7 billion, slightly more than the $177.5 billion economists had expected.
Its all bottomed out. Everything will be fine. No need to worry.
UPDATE: Meanwhile, there is opinion that we’re already in a deflationary economic depression and just haven’t admitted it, yet.
Blogs For Victory 