Let’s ask Ginger Goebbels............
Let me think about it for second. YOU BET!
Yes, 3rd Quarter negative economic growth, with inflation.
We were already heading for an economic downturn, Dear The Hill Author, this sh*t only going to hasten such.......
For every action there is an equal and opposite OVER-reaction.
I guess no one has ever heard of a yield curve?
This looks just like the housing bubble in 2008. If you remember the price of oil shot up tremendously, then people had to decide whether they were going to drive to work or pay their mortgage. So when it all crashed we were left with the “messiah”.
I second the motion. Its pretty darn obvious at this point.
Got to love how Biden is blaming his sh*tty economy and high gas prices on the Russians.
How does he explain all the “I did that” stickers at gas stations and food stores well before Russia moved on Ukraine?
More omnivorously there is a huge downturn in food production to to increasingly scarce and much more expensive fertilizer. Thanks to the dismantling of the fossil fuel infrastructure natural gas, the key ingredient of fertilizer, simply is not available or too expensive. Also with the downturn in real productivity due to energy shortages, there will be inflation and many if not most people in the third world simply will not be able to afford what food is available. If there are poor harvests in India and China, there will not only be hunger but famine as well. Surefire formula for widespread wars. Thank a green activist and the moronic politicians they control, the next time you see one.
Ya think?
Everyone has predicted a recession/depression for so many years they have to be right eventually.
Definitely will harm the economy, although the extent will be tough to gauge. Investopedia primer:
https://www.investopedia.com/financial-edge/0511/how-gas-prices-affect-the-economy.aspx
FROM INVESTOPEDIA
KEY TAKEAWAYS
When gas prices rise, it can be a drag on the economy—impacting everything from consumer spending to the price of airline tickets to hiring practices.
Gas is an important input for transportation, which directly impacts households as they drive, but also businesses that rely on logistics and transportation chains around the globe.
If discretionary spending is hampered by higher gasoline costs, it can have knock-on effects throughout the broader economy.
(such as restaurants and retail purchases)
These people are delusional.
Does a large, bleeding, painful lump in your breast probably indicate cancer?
Does a big oil puddle under your car indicate an serious engine problem?
Does fire coming out of a jet engine presage an engine failure?
Does an inability to move one side of your body indicate a stroke?
Does a blood alcohol level of .23 taken after an accident mean you are a drunk driver?
It’s already here.
I expect our economy to keep going downhill, without a recovery. Europe will also be impacted, but the EU will recovery and be stronger.
A rise in bankruptcies caused by high prices will result in a downturn in the economy.
The spike in price is because of the deliberate strangulation of supply.
Time to strangle the stranglers.
And the democrats have a new bill for a monetary giveaway on more covid shots, testing, and PPE and attaching more money to Ukraine. I didn’t get the cost but I do know democrats are loving this.
The downturn started on Biden’s Installation Day.