Economy in Crisis

PS: For those who don't get the whole idea that the economy is only growing if you count in massive inflation as growth:

How about this one:

Almost all the meager "growth" the Government was able to manufacture statistically came from a 2.9% increase in consumer spending.

Meanwhile the consumer's disposable income grew at 0.4 % .

2.9% spending VS. 0.4% income.

Hmmmm.

That means a grotesquely over-leveraged consumer borrowed at a furious pace in order to fuel what little growth we had.

In fact, in an environment with negative real rates promised for eternity they'd be crazy not to do so.

I don't know what you think about that.

Personally, I'm buying more gold.