Posted on 05/16/2022 12:33:50 PM PDT by knighthawk
The former head of the Federal Reserve says the US is heading toward a period of high inflation and low economic growth as the head of Goldman Sachs and other global banks warn that a recession is coming.
Ben Bernake, who led the Fed through the 2008 financial crisis, says 'stagflation' may be on the horizon.
The term, coined in the 1960s, refers to low economic growth combined with high unemployment and high prices.
(Excerpt) Read more at dailymail.co.uk ...
True. But last recession half the surveyors went broke for no work. And these mechanical projects have big money behind them... replacing 1200 ton chillers isn’t cheap.
And Trane notified us today that effective immediately prices are up 10% and more hikes coming so buy it now
there isn’t much ‘risk’ when they’ve literally creating the inflation and all these ‘shortages’
Bloomberg says no recession. Of course the market makers need Joe Sixpack to buy while they are selling.
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