The Survival Economist
Premiered Jul 9, 2021
The US government has pumped trillions of stimulus dollars into the US economy giving us a massive sugar high. It felt good at the moment, but after the initial rush, you always experience a crash.
It looks as if we’re already coming down off the high. May retail sales disappointed, dropping 1.3% after big stimulus-fueled gains in March and April. Meanwhile, over the last two weeks, weekly unemployment claims have jumped back above 400,000.
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