A Road Sign Stands In Front Of The White House That Sits Underneath A Stormy Sky That Simply States, Uh Oh!

Rising GDP + Rising Yields = A MAJOR Sign of “Uh-Oh”

The comments below are an edited and abridged synopsis of an article by Matthew Piepenburg

Have you heard the good news? The Atlanta Fed now estimates a 5.9% growth in real US GDP for Q3 2023. In nominal terms, it can even boast of an 8.9% surge.

ising GDP + Rising Yields = A MAJOR Sign of “Uh-Oh” - BullionBuzz - Nick's Top Six
A road sign stands in front of the White House that sits underneath a stormy sky that simply states, Uh Oh!

What fantastic news! Growth! Productivity!

This must mean we can all breath a collective sigh of relief as Fed Chair Jay Powell continues his valiant war against inflation as GDP rises, right? The financial wizards have saved the day once again, right?

Wrong. Oh, so wrong. But why?

Piepenburg addresses the reasons in seven entertaining sections: Debt-driven growth is not growth, but a slow death trap; the open secret hiding in plain sight (ignored shark fins); a tale of the drunk and stupid; the DC frat house; ignored patterns; ignorant policies; horribly, horrible bad news; and we need a bigger boat.