Economic Lunacy

According to preliminary data, the US economy grew at an annualized rate of 2.4% in Q2, exceeding analysts' estimates of 1.7% and Q1 growth of 2%. The growth was attributed to a significant increase in investments by businesses and consumer spending. Analysts say the data show resiliency in the economy amid a strong labor market, with average hourly earnings rising 4.4% year-over-year last month and as annual inflation growth continues to slow following the Federal Reserve's interest rate hikes. But this data is nonsense and I’ll explain why on the podcast. Website: www.christopherscottshow.com Show Notes: https://www.christopherscottshow.com/show-notes Subscribe: https://www.christopherscottshow.com/subscribe LEAVE A MESSAGE AND MAYBE I’LL MENTION IT ON THE SHOW! https://www.christopherscottshow.com/contact