Is That All There Is? US GDP Grows At A Pathetic 1.1% QoQ Rate Despite Massive Spending Spree By Biden, Gross Private Domestic Investment Crashes By -12.5% QoQ (Bad Return On $3.37 TRILLION In Spending)

by confoundedinterest17 Crooner Peggy Lee said it best: Is that all there is? Unfortunately, US GDP grew at a pathetic 1.1% QoQ. Official estimates from the Congressional Budget Office (CBO) show that, since January 2021, legislation signed by President Biden has set in …

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Chinese on US Real Estate Spending Spree

by Martin Armstrong The Chinese are keen on investing in tangible assets, namely real estate. Canada implemented restrictions on foreign buyers after accusing them of the real estate shortage and sky-high prices. Chinese buyers are now targeting the American housing market. In …

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Infrastructure Spending Spree Risks Economic Meltdown

Photo by Thomas Kinto From Birch Gold Group On top of the economic challenges the U.S. is facing while struggling to recover in the wake of the COVID pandemic and subsequent shutdowns, there’s the issue of our nation’s crumbling infrastructure. The Biden Administration …

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SILK ROAD BLUES: China’s Global Building Spree Runs Into Trouble in Pakistan. “To fund a 70-nation infrastructure initiative, Beijing has been extending loans in opaque deals often contingent on using Chinese contractors.”

via WSJ: Financed and built by Chinese state-run companies, the soon-to-be-finished overhead railway through Lahore is among the first projects in China’s $62 billion plan for Pakistan. Beijing hoped the $2 billion air-conditioned metro, sweeping past crumbling relics of Mughal …

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Russia’s golden ‘buying spree’

From Kitco News: While some have been shying away from the gold market, with prices seeing their biggest daily decline in two months Friday, one country is paying close attention to the precious metal – Russia. According to Shae Russell, lead editor …

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