Construction spending, GDP forecast, Canada PMI, earnings forecasts

So far so good for Q3 that ended Sep 30- about in line with pre-Covid growth rates: Much like the US, much of the rest of the world is hiking rates with high debt/GDP and supporting their economies that had slowed from fiscal contraction with massive government interest payments- universal basic income for those who […] The post Construction spending, GDP forecast, Canada PMI, earnings forecasts appeared first on Mosler Economics / Modern Monetary Theory .

So far so good for Q3 that ended Sep 30- about in line with pre-Covid growth rates:

Much like the US, much of the rest of the world is hiking rates with high debt/GDP and supporting their economies that had slowed from fiscal contraction with massive government interest payments- universal basic income for those who already have money:

Looks like the pro forecasters see accelerating earrings ahead- yet more evidence the rate hikes aren’t working in the intended direction:

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The post Construction spending, GDP forecast, Canada PMI, earnings forecasts appeared first on Mosler Economics / Modern Monetary Theory.

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