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Construction spending, GDP forecast, Canada PMI, earnings forecasts

Summary:
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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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:

Construction spending, GDP forecast, Canada PMI, earnings forecasts

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:

Construction spending, GDP forecast, Canada PMI, earnings forecasts

Construction spending, GDP forecast, Canada PMI, earnings forecasts

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

Construction spending, GDP forecast, Canada PMI, earnings forecasts

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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