next year or two?
I think most of us expect it to skyrocket at least for the next year, starting just after the mid-terms.
We will likely see some Carter-era interest rates, etc., by the 2024 election cycle.
So far, Biden has made no effort the last 18 months to quell inflation — except several releases from the Strategic Oil Reserve, which is almost drained.
So, what will Biden do the next 2 years? His current game plan (assuming he even has one) certainly isn’t working.
A FReeper predicted that we are going to see deflation soon. I don’t believe that will happen. Now people are expecting inflation, it’s harder to stop it from taking off. Ultimately the economy will have to crash, we had to suffer a deep recession in the early ‘80s before we could crush inflation.
“So, what will Biden do the next 2 years? “
Blame Republicans. Once Rs take over Congress, Dems are off the hook. It’s how they and the media roll
> So, what will Biden do the next 2 years? His current game plan (assuming he even has one) certainly isn’t working.
Imho if the past is any prologue, biden will announce more loan forgiveness, rent forgiveness, eviction control, increase WIC, EBT, EITC, and so on. In short, more income redistribution.
One category is on track to suffer more: private pensioners. they will suffer from reduction in pension benefits along with cost of living inflationary increases. a trickle of pension income will prevent them from collecting EITC and other forms of welfare.
Will any intrepid reporter corner biden and ask him about the effects of his economic plan on senior citizens? whether he cares at all, or is impoverishing seniors just a premeditated part of his plan? must senior citizens all switch their retirement investment strategy to hedge funds and shorts?