The Economic Mirage That The Central Bank Created Is Disappearing
The inflation rate calculation is different among the Fed houses. Inflation has been pushed into certain economic sectors and the true measure inflation is still much higher than is being reported. The economic mirage is falling apart and the corporate debt level give some insight on how the economy is doing. The debt level is high and the revenue/sales are low, company’s have engaged in buying back their stocks to boost earnings to give the illusion that the economy is strong.