US Economy by the Numbers 

Some worrying numbers from Bill Bonner:

* Disposable personal incomes are dropping – down 20% from March ’21 to March ’22. Most of that is due to the end of the COVID giveaways. But subtracting them, incomes are still falling.

* While wage increases are running at about 5%, consumer prices are rising at nearly 9%.

* GDP is falling at a 1.4% annual rate.

* The trade deficit hit a new record high – at $109 for the month of April.

* Productivity is in retreat – down at a 7.5% annual rate. The worst since 1947.

* Consumer prices are rising at the fastest pace in 40 years.

* Rents in Miami are up 40% year-to-year… 22% in Orlando… 17% in Las Vegas…

* The stock market just had the worst first quarter since 1939.