I wonder why. Is it Putin? Ultra-MAGA? January 6? Racism? The reversal of Roe?
That’s not a warning, that’s cheering him on.
I’ve been saying this ever since Biden got in office. His policies are screwing everything up. Staglfation should be impossible in a free market, but gov’t comes in and creates it.
Paying people not to work is a primary reason for it this time.
When you are getting advice from an Obama economic advisor, you are exposed as being the most incompetent of the incompetents.
May as well try to teach a chipmunk how to ride a Harley Davidson.....
Pudding brain cannot comprehend
His HANDLERS such as Obama & Jarrett are getting the results they have striven for since 2007.
No. Not stagflation. The government assault on the fossil fuel and nuclear industry is causing very real economic contraction in all sectors of the economy. People will suffer badly.
Biden is grumpy cat “GOOD”
Biden: Great, Ben thanks for the update. Build Back Better :) :) :)
we are headed for depression, as is the wrest of the world.
Soon we will be longing for the good ol 70s
"Ben Bernanke, who served as Federal Reserve Chairman under Presidents Bush and Obama, warns that the U.S. economy is headed for a repeat of 1970s “stagflation.”
Economists refer to a period of low economic growth, high inflation, and rising unemployment as “stagflation.”
“Even under the benign scenario,” the U.S. is likely to go through “a period in the next year or two where growth is low,
unemployment is at least up a little bit, and inflation is still high,” Bernanke told the New York Times.
“So you could call that stagflation.”
That “benign scenario” is if current Fed chair Jerome Powell is able to cool inflation by raising interest rates without tipping the country into a recession.
Bernanke also expressed concern about the rapid rise in housing costs, fearing a 2008-style bubble.
He told the Times that it was something that the Fed needs to keep an eye on."
All according to plan. The more people hurt the more that continue to vote for democrat marxist policies. Normally, smart people would vote against these destructive marxists. But they don’t.
More like hyper-stagflation.
of course it is!
Anyone with a brain knew if we elected a liberal like Biden this would happen!
At least Carter deregulated transportation and enacted some tax cuts. I don’t see Biden doing that.
These Obamanauts coming out with dire warnings would have created the same mess, given just a little more time.
Bernanke is understating the problem.
Current inflation is easily 2% per week in fuel prices alone.
2% per week. Think about that.
We are Venezuela now.
Heading for????
Lmao. We should be so lucky. Gonna be way worse.