My old man taught me that if we can not call out the race baiters who refuse to tone down the bullshit rhetoric in our party...the GOP will cease to exist.
Now back to the economic discussion without the race-baiting...
I like to watch the cost of Turkey as an indicator of Inflation impacting my cost of living. Specifically, when I'm in the States, I head straight to the local store and purchase two butterball Turkeys at whatever the cost. The bones with a little meat go to the neighbor's two pit bulls that jump around like crazy when they know I'm back in town because they know I have those butterballs.
On that note, the U.S. economy is starting the show signs of slowing in the face of ongoing inflation, high interest rates, and cooling consumer spending. Hopefully, the FED will make good decisions for the remainder of the year to get a better grip on inflation...while on our way back to where it was but interest rates will become the scapegoat regardless who sits in the Oval Office...
Thus, it's more about what the FED does.
As for India and its economy...a poke at the race-baiters...
---
India government somewhat cautious on economic outlook, sees growth of 6.5%-7%
NEW DELHI, July 22 (Reuters) - India's government has taken a more cautious stance than private economists on the outlook for growth this fiscal year, predicting the world's fifth-largest economy will expand between 6.5% and 7%.
The projection from the finance ministry's economic division is lower than the 8.2% robust growth seen in the year ended March and a weaker range than estimates of 6.8% to 7.2% from economists. The central bank is also more upbeat, forecasting growth of 7.2%.
"Global growth and trade volume are difficult to come by," Chief Economic Adviser V. Anantha Nageswaran told reporters after the release of the annual report citing geopolitical risks, growing protectionism and concerns about supply chains.
The Indian economy was on a strong wicket and stable footing, and the real GDP was up by nearly one fifth from pre-pandemic levels, he said, citing a rebound in private investments and higher state spending on infrastructure...
https://www.reuters.com/world/india...-yy-202425-government-sources-say-2024-07-22/
---------
wrbtrader
Last edited:
