January 24, 2023

JEFFREY CARTER: Chart of the Day: 2022 Should Be An Outlier. Well, maybe. “2022 is the only year with negative bond and stock yields.”

The only year so far. Try saying that in the classic Homer Simpson voice for best results.

Plus: “All over I see the phrase, ‘if we go into recession’ all the time. The simple fact is, we are in a recession. We have been in a recession. Six consecutive months of negative GDP growth is the classic way to define a recession and we are there despite what you might hear. Last quarter wasn’t really any better.”

And: “But, the real cause of inflation is ever-increasing government spending. There is little the Fed can do about that.” Well, they can raise interest rates to the point where the economy tanks and the big-spending politicians get voted out.

InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.