Jan. 30 at 7:36 PM
$GLD $JNUG $SLV $B $GDX
❌🤌This is exactly how a nominal-growth economy weakens w/out “officially” entering a recession. What you're witness to is the internal contradiction of the system. The economy looks strong on "paper", while households feel poorer in real terms & that what nominal growth does vs REAL GROWTH
❌Labor is always late, but once it turns, it doesn’t bounce quickly. Nominal growth can keep the economy looking alive
while the labor market quietly deteriorates underneath
❌That’s not resilience, it’s massive postponement in the "golden age" which is turning into the "Gilded Age 2.0"
🙃If there is some smart enough to sell it, there will be someone dumb enough to buy. This is part of Roy Cohn "strategy" that Trump uses, "Declare success regardless of the actual outcome, shifting the narrative"
The deeper an economy leans on "nominal growth",
the more it must issue DEBT, & the further it drifts from real, productivity-based growth. It's a trap
