Posted on 04/11/2022 11:17:57 AM PDT by bitt
It is increasingly likely that the U.S. economy will tumble into recession within the next two years, according to economists and analysts, a risk that raises big questions for U.S. and global politics as well as policy.
Rising inflation and low unemployment, the pandemic, supply chain problems, a war between Russia and Ukraine with energy implications, plus the churn of elections in the United States and elsewhere, such as France, cast a collective shadow over forecasts.
The New York Times: In the French presidential runoff April 24, the economy will be key.
Economists surveyed by The Wall Street Journal this month on average put the probability of the economy being in recession sometime in the next 12 months at 28 percent, up from 18 percent in January and just 13 percent a year ago.
Federal Reserve Chairman Jerome Powell said last month that the central bank did not anticipate a recession this year, but since his last public comments on the subject, the Fed appears more aggressively poised to fight inflation with interest rate hikes and take a machete to its balance sheet. Analysts on Tuesday anticipate an annual 8.4 percent to 8.5 percent rise in the latest report of the consumer price index, yet another sign that costs for many Americans are not easing.
The Hill’s Alexander Bolton reports that in the House and Senate, Democrats eyeing the November elections are casting about for voter-friendly messages that can hold up into the fall at a time when everything from gasoline to food to prescription drugs are pricier and taking the wind out of higher wages and consumer confidence.
The Hill’s Niall Stanage in his latest Memo describes a split-screen backdrop between higher prices and a healthy job market. Most Americans tell pollsters the state of the economy and inflation
(Excerpt) Read more at thehill.com ...
a poll of economists on chance of recession has risen to 28%.
Thanks, Biden...
of course, but it will be here sooner and it won’t last long.....it’ll become a depression in short order.
Is the US headed for a recession?
At least until we get President Trump back in office!!!
The Hill worked quite hard to oust President Trump and usher in the Biden administration.
Tommy Pigott
@TommyPigott
Joe Biden’s inflation is taxing Americans so heavily it’s forcing retired Americans to go back to work because they can’t afford not to.
CNBC’s Santelli: Inflation Hitting Retirees Right In The Wallet, Wages Being Wiped Out
From
RNC Research
7:29 AM · Apr 1, 2022·Twitter Web App
Darn that Trump! [/s]
;>)
If only we had a opposition party to the Dems, this is what I call an election on a silver platter scenario.
San Andreas Fault
A recession is a given. The question should be are we going into a depression
Biden’s UNEMPLOYMENT % numbers are BOGUS.
is MSM talking us into a recession ?
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