Posted on 10/18/2022 5:52:00 PM PDT by RomanSoldier19
Roubini, a professor of economics at New York University’s Stern School of Business and the founder and chairman of Roubini Global Economics, is the author of MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them, from which this essay is adapted
Inflation is back, and it is rising sharply, especially over the past year, owing to a mix of both demand and supply factors. This rise in inflation may not be a short-term phenomenon: the Great Moderation of the past three decades may be over, and we may be entering a new era of Great Stagflationary Instability.
Unless you are middle-aged and gray-haired, you probably hadn’t heard about the term stagflation until very recently. You may have barely heard about inflation. For a long time, until 2021, inflation—the increase in prices year to year—was below the advanced economies’ central banks’ target of 2%. Usually inflation is associated with high economic growth.
(Excerpt) Read more at time.com ...
Everything that happens is the “most” these days.
Wages are not high at all. If anything too low.
(What I don’t understand is why?)
America cannot exist as sovereign America for the Antichrist’s New World Order.
Even Megiddo: The Omega Code 2 got this point correct. I’ll try to post a video clip later.
Daniel 7:23 will be fulfilled to the very finest point.
✝️🙏🛐
Milton Friedman — 'Inflation is always and everywhere a monetary phenomenon.'
And they’ll never admit how stupid they were to believe all of the lies
I saw them on Yahoo.
Complete idiots and fools.
You’re about to get what you supported
Schaudenfreude here
That’s ok. Sorry that is weird
Yes, I was saying it leads to (or should have said will lead to) higher wages which then spurs further inflation - or at least inhibits prices from coming down. It’s a hard nut to crack and why the Fed pretty much admits it wants to drive up unemployment.
And taking us down with them
The USA we once knew will never return.
I’m sorry to say.
The handwriting is on the wall.
I was in Walmart today and shocked to see that there were some cans (ordinary sized Premium brand) of corned beef hash that were $5. Even the store brand was over $3.
I agree. Terribly sad. I don’t think it can. I have a grandson that I love with all my heart. I hate this for him to not live in normal surroundings
It’s unfortunate, but all too true
The world 🌎🌍 is going right down the line of Bible prophecy
Not everything is that, of course, but the general direction has constantly gotten worse
🛐🙏✝️
Walmart white round top bread was about 69 cents then 84 now 94 or 97
Other Walmart canned items increased similarly
Build Back Better!!
Biden wanted to be historic.
“Tremendous Opportunity.”
“ For a long time, until 2021, inflation—the increase in prices year to year—was below the advanced economies’ central banks’ target of 2%”
Unexpected. Unprecedented. Makes me wonder what the heck happened in 2021.
Roubini, also known for a long time as “Dr. Doom.”
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