Posted on 05/16/2022 12:33:50 PM PDT by knighthawk
The former head of the Federal Reserve says the US is heading toward a period of high inflation and low economic growth as the head of Goldman Sachs and other global banks warn that a recession is coming.
Ben Bernake, who led the Fed through the 2008 financial crisis, says 'stagflation' may be on the horizon.
The term, coined in the 1960s, refers to low economic growth combined with high unemployment and high prices.
(Excerpt) Read more at dailymail.co.uk ...
Ex-Federal Reserve chair says US economy is heading toward period of stagflation for first time since 1970s: CEO of Goldman Sachs says risk of America falling into a recession ‘is very, very high’
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And with the Unelected Biden Regime’s disastrous oil and farm policies, depression.
You don’t have to be an Ex-Federal Reserve Chair to realize this. I’ve been saying for months we are heading for a disaster. Inflation, recession, stagflation, depression. The future is not looking bright. (And I’m just a little ole grandma).
Stolen elections have consequences.
We are already in a recession. The only questions are how deep will it go and how long will it last.
Talk to ten economists and you’re come away with thirteen predictions on what the future holds.
Another reason why Biden will announce (right after the midterms) that he is not seeking re-election in 2024.
Only if his handlers allow him.
Biden will announce that the skillets are now in style and that Scranton PA is going to be relocated to another state.
He will drive the truck.
What’s frustrating is that many people know that government spending and largesse causes a great deal of these problems and that we should have learned those lessons back in the 1970s. Unfortunately, too many ignoramuses of today who vote for these greedy and corrupt characters will have to learn the hard way.
I wish I were an economist. I can preface every thought with “may be” and watch folks fawn over every word that follows.
Kinda like Fauci.
This economy is very weird. All the metrics pointing to downturn. Yet it doesn’t slow up at work. All the mechanical contractors are slammed. My friend runs his own surveying business and his phone is ringing off the hook. He got 12 call before 2 pm today.
So weird.
Interesting!
Says Wile E. as he plunges off a cliff, looks up and sees the anvil coming down on his head.
Welcome Back, Carter
they are in businesses where you get paid money in exchange for a wanted tangible service or good. Most of the economy doesn't work that way.
Falling into? We’re already there.
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