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 ...
Yep
Too many consider the umpire irrelevant and now the thugs have taken over the game.
Yes. Worries me that what is coming will make 2008 seem like a cakewalk.
On the upside, I have my early SSI coming in. On the downside, virtually all of my outside resources I had back then are gone. Including the most important ones.
Now is a good time for several amazing miracles.
Guilty!
Both (late) middle aged and grey haired!
I remember that commercial.
ROFL!!!
Life is fun when the money 💵 keeps rolling in.
Then a New reality can happen. For several reasons and one is simply trying to survive.
This particular girl grew up poor so it was a return to her past after an interlude of being rich. She’s doing fine now.
TYT exposes what the main driver of inflation actually is:
https://www.youtube.com/watch?v=flz8xob2OPA
The inflation segment begins at 1:18:10
There’s another segment, where they discuss a new ProPublica report chronicles how a DFW company, RealPage’s YieldStar software, helps landlords raise prices for apartments across the U.S.
https://www.axios.com/local/dallas/2022/10/18/texas-company-raising-rents
That begins at 32:48
Then just ignore the Trump segment and R-hate segments later on.
You might want to read the article you posted pinhead. It sounds pretty spot on to me even though I don’t know if Time the paper magazine any longer exists
I saw a McDonalds sigh with a posting of “Now hiring at $21/hr”. Are you insane? Just asking
CA? $21/hr? Chump change.
Well, enjoy your $8 Big Mac
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.