The economy we are walking through this week was bought before the war—the gas, the groceries, the shipping containers, the labor contracts, all of it loaded onto trucks and tankers and warehouses when the world was a different world.
We are running an economy this week on the country we were in February. The shelves still look mostly normal. The shipping bays still seem mostly full. The cargo still appears mostly on time where it is supposed to appear. None of this is the world we are actually living in. We are spending down the last inventory of the country we used to have and we are spending it down on a clock.
substack.com
Bessent and the rest of them are gaslighting Americans. They know what’s coming if they don’t open the Strait.
We are running an economy this week on the country we were in February. The shelves still look mostly normal. The shipping bays still seem mostly full. The cargo still appears mostly on time where it is supposed to appear. None of this is the world we are actually living in. We are spending down the last inventory of the country we used to have and we are spending it down on a clock.
This Isn't a Recession. It's Worse.
The cushion runs out in August. The CEOs already know. Here's what is actually happening to the American economy — and the question no politician has yet had the nerve to ask.
Bessent and the rest of them are gaslighting Americans. They know what’s coming if they don’t open the Strait.


