{"id":66316,"date":"2023-12-05T07:40:47","date_gmt":"2023-12-05T12:40:47","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66316"},"modified":"2023-12-05T07:40:47","modified_gmt":"2023-12-05T12:40:47","slug":"hope-dies-gold-rises","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66316","title":{"rendered":"Hope Dies, Gold Rises"},"content":{"rendered":"
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Hope Dies, Gold Rises<\/a><\/h3>\n<\/header>\n
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The primary stages of grief include: Denial, anger, bargaining, depression and finally, acceptance.<\/p>\n

When it comes to grieving over the slow demise of the American economy, sovereign IOU\/USD and the absolute failure of our \u201cre-election-only-focused\u201d policy makers, these stages of grief are easy to see yet easier to ignore.<\/p>\n

But false hope won\u2019t help us.<\/p>\n

Denying a Recession<\/strong><\/p>\n

With the vast majority of sectors that make up the U.S. economy evidencing three months of negative GDP growth while a laundry list of leading homebuilder indicators (housing starts and prospective buyers) drops into recessionary red, I keep wondering when the recession debate will finally end.<\/p>\n

Walmart is worrying, Jamie Dimon is worrying, commercial real estate delinquencies are rising and IPO markets are all but dead on arrival.<\/p>\n

\"\"<\/figure>\n

But that\u2019s just the latest hard data.<\/p>\n

One can cite everything from the Conference Board of Leading Indicators, negative M2 growth, yield curve movements and a drying repo market to make it empirically clear that the US is not heading for recession but has already been in one for nearly a year.<\/p>\n

In fact, if we were to define a Depression by growth rates of inflation-adjusted GDP per capita, then factually speaking, we have also been in a quantifiable\u00a0depression<\/em>\u00a0for the last 16 years.<\/p>\n

\"\"<\/figure>\n

Such data, of course, is depressing, but are we all still hoping for kinder facts or a political and monetary Santa Claus to cure our denial?<\/p>\n

I for one favor preparation over denial.<\/p>\n

Then Comes the Anger<\/strong><\/p>\n

Citizens\u00a0storming the Capital<\/strong><\/a>, or\u00a0grabbing guitars<\/strong><\/a>\u00a0and singing \u201cI\u2019m taxed to no end and my dollar aint $#!T\u201d are just the first signs of\u00a0 the anger stage.<\/p>\n

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

Hope Dies, Gold Rises The primary stages of grief include: Denial, anger, bargaining, depression and finally, acceptance. When it comes to grieving over the slow demise of the American economy, sovereign IOU\/USD and the absolute failure of our \u201cre-election-only-focused\u201d policy makers, these stages of grief are easy to see yet easier to ignore. But false […]<\/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":[12373,4384,12372,1330,2310,374,18507,2057,31019,647,1264,33955,827],"class_list":["post-66316","post","type-post","status-publish","format-standard","hentry","category-economics","tag-acceptance","tag-anger","tag-bargaining","tag-denial","tag-depression","tag-gold","tag-gold-switzerland","tag-hope","tag-matthew-piepenburg","tag-precious-metals","tag-recession","tag-stages-of-grief","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66316","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=66316"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66316\/revisions"}],"predecessor-version":[{"id":66317,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66316\/revisions\/66317"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}