Frankly, I’d rather see deflation.
EXCEPT to vote for Conservatives.
Things would turn around if President Trump was back in the White House....
The effects of the debasement of the USD will not be reversed.
WTI is now trading at 71 + per barrel, Brent Crude slightly higher. The dollar seems to be strengthening, too, since gold is at about 2004 per troy ounce, after reaching an all-time high last week. But I suspect that the recession that they’re willing to embrace is already on, which explains the lower prices, not a stronger dollar. The Fed is celebrating this, and is not raising interest rates further, but also not lowering them ‘til March at the earliest.
People don’t understand the ONLY way to break the ack of inflation is high interest rates and the recession that causes.
Of course, that is true only if you have a (at least somewhat) fiscally prudent government. With $2 TRILLION annual deficits, insane government borrowing (and no end in sight), war everywhere, and annual $1 trillion interest charges, inflation will not end.
The government really screwed the pooch when it threw so many out of work in 2020 and threw $5 trillion out to the masses to stay home. This end result was very predictable. You can’t goose the money supply like that AND have a huge contraction in labor productivity without this end result.
The people really screwed the pooch when they let TPTB steal the election and install Biden.
Long ago, when my mother was in high school, ECON was a required course.
When I was in high school, it no longer was and hasn't been since then. And that subject is NOT even offered in any public and in only a very few private schools today.
They haven’t experienced the stagflation in the 1970s.
It’s always the cost of energy. Fix that.
To those with debt, it becomes their worst economic nightmare.
Don’t expect it to work quite that way. Stop gping up maybe. Go down unlikely. Deflation might work. Joe really screwed it up this time.
I thought we already were in a recession.
the 37% prolly that couldn’t define inflation...
The poll numbers for Pedo Joe are in the dump because of inflation. Have you seen the prices at McDonalds recently? that is Joe base paying those prices and that are ticked!