Posted on 04/10/2022 11:56:46 AM PDT by RomanSoldier19
he U.S. economy is at a mounting risk of spiraling into a 1970s-style stagflation crisis as the Russia-Ukraine war exacerbates already sky-high inflation, according to a new analysis.
The Economist Intelligence Unit, in a Thursday note, predicted that consumer prices will continue to hover near a 40-year-high "at least until the middle of the year," weighing on consumer spending and real GDP growth. The London-based group already lowered its forecast for U.S. GDP this year from 3.4% to 3%.
Combined with an increasingly aggressive Federal Reserve, which lifted interest rates by a quarter-point in March and signaled at least six more, similarly sized increases this year, and the fallout from the Ukraine invasion, the outlook for the U.S. economy is growing bleaker.
"The economic fallout from the war and other external factors, such as the emergence of a new coronavirus variant (which remains our baseline scenario), expose the US to the growing risk of stagflation — low growth combined with high inflation," the analysis said.
(Excerpt) Read more at msn.com ...
Serious question.
“81 million” ey holes can’t be wrong.
I don’t care. If it helps bring down the Bolsheviks and the Biden administration, I’m all for it.
Gas is expensive. So that drives the cost of everything up. If we want to lower the costs, we need to increase thr supply here on USA. Aslo, the Federal Reserve needs to be easy with their printing machines.
How exactly is the Ukraine war responsible for any of that?
We are no longer able to buy Russian oil. We asked the Saudis for some help but MBS said no.
Are the Russians refusing to sell us oil?
The Russia-Ukraine War is less than two months old and has NOT been a factor in any of our inflation to date.
But it’s a great excuse for Biden.
Biden knows the press is so corrupt they’ll go along with any lie he puts out because if they can’t blame Trump they’ll happily blame anyone - including the Russia-Ukraine War.
Can anyone tell me how, exactly, does the Ukraine war fuel inflation?
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It doesn’t, BUT the SANCTIONS are weakening the dollar, major sovereigns are dumping dollars and shifting to Yuan and Rubles, and Russia is reverse sanctioning the west on ALL commodities , metals, oil, NG, food…prepare for $7-10 trillion unwanted USD coming home.
Biden was a fool for weaponizing the USD, sovereign nations are now slowly moving away….and Vlad says: Checkmate.
We are no longer able to buy Russian oil. We asked the Saudis for some help but MBS said no.
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They did far more: they stated they will take Yuan for oil. They are now currently, returning unwanted USD….as are other non western sovereign nations.
Are the Russians refusing to sell us oil?
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And all commodities, food, metals, Vlad says Checkmate. The Ruble is already past the invasion date value, and rising. They tied their Ruble to their oil, commodities and food. India and many other sovereigns are ditching the USD- unwanted, the world ( non western) has seen the effects of a weaponized dollar- they d not want to be put on the “ list”, in the future.
To answer your question, the US said no to Russian oil,and many EU nations…Vlad will sell his oil, commodities, coal, and food in Rubles, Gold and Bitcoin, according to the Russian Central Bank.
The USD has been dethroned, prepare accordingly.
Did I mention JP Morgan is using their huge silver reserves, and metals( nickel) to supply the Comex and LBMA commodities market? One Comex default sends commodities to the moon.
OPEC and Saudi are in a tizzy, now offering their oil in Yuan, Rupees, and other alternate non western currencies….historic.
Historic, called the Commodities Currency backed bull run. It is historic, end of the USD hegemony.
https://www.goldmoney.com/research/goldmoney-insights/the-commodity-currency-revolution
The dollar is up 4% since the start of the Ukraine/Russia war against a basket of currencies.
I heard someone asked about Texas hauling illegals to their northern states, and even though this person 100% favored letting the illegals in, no way to a state that "had enough people already." People merely like the virtue signaling of shutting down our fossil energy, but virtue goes out the window when their own $$ come into play. I take comfort in thinking of the invisible hands feverishly working to bring back economic sanity here when reality takes hold.
Me also, higher the better and a lil recession to boot
“Gas is expensive. So that drives the cost of everything up. If we want to lower the costs, we need to increase the supply here on USA. Also, the Federal Reserve needs to be easy with their printing machines.”
I assume you’ve been banned from Twitter for this kind of hateful crazy talk! ;o)
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