Economy in Shambles and GA has Surplus
US Home builder gloom persists. US stocks fall as investors assess the pace of rate rises to come. Stocks tumble as recession worries. American rack up Trillions in Auto loan debit. The whole idea in the 7 rate increases was to slow the inflation. Yet the inflation rate is 7.7. The federal reserve says the manageable inflation rate where they can keep interest rates at 0 is 2%. We have to push it down to 2 and that is a long way to go for interest rates to start dropping.
We have a 6 billion dollar surplus in GA. Where did that come from? The amount of money has doubled therefore the tax has doubled. In 2023 the Fed has to raise rates again. The wheels of business are going to slow down and debt will go up.
