{"id":45973,"date":"2019-05-05T18:34:12","date_gmt":"2019-05-05T23:34:12","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45973"},"modified":"2019-05-05T18:34:15","modified_gmt":"2019-05-05T23:34:15","slug":"recession-already-in-place-watch-out-john-williams","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45973","title":{"rendered":"Recession Already in Place, Watch Out \u2013 John Williams"},"content":{"rendered":"\n

Recession Already in Place, Watch Out \u2013 John Williams<\/a><\/h3>\n\n\n\n
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You might be wondering why the Trump Administration is calling for rate cuts and money printing with all the good news about the economy. Economist John Williams of ShadowStats.com knows why and contends, \u201cWe have a recession in place. It\u2019s just a matter of playing out in some of these other funny numbers. The reality is on the downside, where you have mixed pressures right now. People who are really concerned about the economy right now, and that includes President Trump looking at re-election, he\u2019s been arguing that the Fed should lower rates, and I am with him. The Fed created this circumstance. They are pushing for the economy on the upside because they want to continue to keep raising rates. Banks make more money with higher rates, and they are still trying to liquidate the problems they created when they bailed out the banking system back in 2008.\u201d<\/p>\n\n\n\n

Williams strips out all the financial gimmicks in his work that make things look better than they really are to give a true picture of the real financial health. Take for example the recent reportedly good news of the trade deficit narrowing. Williams says, \u201cWhat we saw was the very unusual narrowing of the deficit . . . that\u2019s generally good news . . . but if you look at why the trade deficit was narrowing, it wasn\u2019t that we were having new surging exports . . . instead, we were having collapsing domestic consumption.  People weren\u2019t buying things. People were not buying goods. So, the imports were falling off, and that narrowed the deficit. That is not a healthy sign. The last time you saw something like that was the beginning of the Great Recession (2008\u20132009). . . . We still haven\u2019t recovered from the Great Recession.\u201d<\/p>\n\n\n\n

\u00a0\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Recession Already in Place, Watch Out \u2013 John Williams You might be wondering why the Trump Administration is calling for rate cuts and money printing with all the good news about the economy. Economist John Williams of ShadowStats.com knows why and contends, \u201cWe have a recession in place. It\u2019s just a matter of playing out […]<\/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":[303,8757,1264,721,827],"class_list":["post-45973","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-greg-hunter","tag-recession","tag-shadow-stats","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45973","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=45973"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45973\/revisions"}],"predecessor-version":[{"id":45974,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45973\/revisions\/45974"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}