The Deep Recession of the 2020’s

Citizen Watch Report ^ | Chris Black

[davikkm]

For the Fed to bring inflation down to 2%, it will take the destruction of a significant amount of wealth – something which an unprecedented pace of aggressive rate hikes has so far failed to do.

To the Fed, losing control over price stability is unacceptable (t.me/marketfeed/417246).

BlackRock revealed in their 2023 Outlook that “only a deep recession can effectively decouple the global economy from the risks of persistent inflation.”

The Fed continues to believe in the Phillips Curve, which plots unemployment as inversely related to inflation.

[SaveFerris]

(it will take the destruction of a significant amount of wealth)

Get ready for 2008 only worse this time

[Nateman]

The Fed has been decreasing the money supply. While it will reduce inflation it also will cause a recession. Reagan did this to end Carter's inflation, but he also cut taxes and regulations to minimize the pain. Why the Biden regime is creating a Recession right before an election is puzzling. Perhaps they are not worried about voting anymore having mastered the art of counting what they want.

[wjcsux]

Reducing government spending would go a long way to reducing inflation but they don’t want to do that.

[ClearCase_guy]

Perhaps they are not worried about voting anymore having mastered the art of counting what they want.

If they lose power, they are at risk of prosecution. They cannot afford to lose power. The last 3 years have shown us that law enforcement will not touch voter fraud, the courts won't touch it, the states won't touch it, and neither political party will touch it. So ... why the hell wouldn't the Democrats just anoint themselves back into power in November? We no longer really vote in this country, and so fundamental transformation will continue in this country.