{"id":21955,"date":"2016-10-08T15:37:43","date_gmt":"2016-10-08T20:37:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21955"},"modified":"2016-10-08T15:42:00","modified_gmt":"2016-10-08T20:42:00","slug":"21955","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21955","title":{"rendered":"Doomed to Failure"},"content":{"rendered":"
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Doomed to Failure\u00a0<\/a><\/h3>\n<\/div>\n
Larded Up and Larded Over<\/strong><\/div>\n
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We\u2019ve been waiting for the U.S. economy to reach escape velocity for the last six years.\u00a0 What we mean is we\u2019ve been waiting for the economy to finally become self-stimulating and no longer require monetary or fiscal stimulus to keep it from stalling out.\u00a0 Unfortunately, this may not be possible the way things are going.<\/p>\n

\"fischers\"As\u00a0Milton Jones<\/a>\u00a0once revealed: \u201cA month before he died, my grandfather covered his back in lard. After that, he went downhill quickly<\/em>\u201d (his\u00a0other<\/em>\u00a0grandfather drowned in a bowl of cheerios). A similar fate may await the larded up US economy.<\/p>\n

In short, the U.S. economy may never reach \u201cescape velocity\u201d unless it is first allowed to crash.\u00a0 It has been too larded up and larded over with debt for any real sustainable growth to take root.\u00a0 More evidence, to this effect, was revealed this week.<\/p>\n

For example, the International Monetary Fund (IMF) anticipates the U.S. economy will expand by just\u00a01.6 percent<\/a>\u00a0this year.\u00a0 That\u2019s about one percent less than last year\u2019s estimated growth.\u00a0 In other words, the rate of economic growth in the United States isn\u2019t increasing; rather, it\u2019s decreasing.<\/p>\n

According to the IMF, \u201cthe slower-than-expected activity comes out of the ongoing oil industry slump, depressed business investment and a persistent surplus in business inventories<\/em>.\u201d\u00a0 Could this be the twilight of the weakest economic recovery in the post-World War II era?\u00a0 Only time will tell, for sure.<\/p>\n

But anyone with an ear to the ground and a nose to the grindstone knows the answer to that question.\u00a0 Business ain\u2019t booming.\u00a0 Moreover, it has become near impossible for corporations to grow their earnings.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Doomed to Failure\u00a0 Larded Up and Larded Over We\u2019ve been waiting for the U.S. economy to reach escape velocity for the last six years.\u00a0 What we mean is we\u2019ve been waiting for the economy to finally become self-stimulating and no longer require monetary or fiscal stimulus to keep it from stalling out.\u00a0 Unfortunately, this may […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5728,962,418,434,11763,534,535,6170],"class_list":["post-21955","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acting-man","tag-fiscal-stimulus","tag-imf","tag-international-monetary-fund","tag-mn-gordon","tag-monetary-policy","tag-monetary-stimulus","tag-pater-tenebrarum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21955"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21955\/revisions"}],"predecessor-version":[{"id":21957,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21955\/revisions\/21957"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}