Stagflation if We’re Lucky - John Rubino #5257

<p>National Emergency - McDonalds’ milk shake machines are broken and can’t get fixed.</p> <p>Huge job miss today and GDP estimates are being scaled back. This has become an administration of misses. Across the board loss of confidence.</p> <p>We discussed rising commodity prices. Some of the numbers were absolutely staggering and downright scary. Natgas up 118%. gasoline 85% and the list goes on and on.</p> <p>In a fiat based system loss of confidence is fatal, just like the 1970’s. Back then we had double digit interest rates and much less debt.</p> <p>Can tech bail us out, while we’re blowing up the economy?</p> <p>Finance will swamp technology in the short run. Prepare yourself now. It's coming.</p>