The most anti business administration in US history plus raised rates plus elevated oil prices-
a growing economy at all is amazing.
Another oil price shock would do it.
That’s the lesson from the 1970’s.
And the lesson from the 1980’s is oil price declines gives you disinflation.
What doesn't lie are the numbers one sees at the gas pump and the grocery store. I'm not sure they make a word that describes what middle America must be feeling in the wake of a financial 30% "haircut", while illegals are being treated like royalty.
Stagflation already here.
BTT
When the debt limit is raised next year it will continue to add inflation and an overall sluggish economy for years.
You know Xiden will sign it.
You know Johnson will sign it.
You know McConnell will sign it.
The only realistic way to slow it down will to be remove all these commies from office. Trust the GOPe at your own peril.
In a perfect world Trump will smack Johnson or the new GOPe house leader silly, Gobbler does indeed quit the senate with a new conservative leader. If one thinks we have the cash to send $60,000,000,000 to Ukraine just for one example, or welfare to 10 million illegals and the like the public proves once again it is smart a pet rock.
The experts are incredibly optimistic.
In less than two years their predicted stagflation will look like economic nirvana compared to the reality.
Wrong - stagflation is a recession without a decrease in prices.
Having lived through the stagflation in the late 1970s and early 1980s I see the same situation today. My wife and I purchased our first home in 1979 with a 11.25% 30 year mortgage. Within months mortgage rates were over 15%. Double digit mortgage rates are again around the corner.
We have beeeeeeeeeeeeeeeeeeeeeeen in stagflation. The FED is just twiddling their thumbs now.
Umpossible.... best economy ever. Just watch the news.
OH great back to the future 70’s style stagflation. OH joy oh bliss i cant wait... NOT
It’s going to take years to clean up Biden & stooge members destruction.
Only they can F/U a socialism plot like everything else they do.