Posted on 05/20/2022 11:25:49 AM PDT by RomanSoldier19
It's very hard to stop inflation without a recession," says Larry Harris, former chief economist of the SEC. While the impact may be felt broadly, every household will experience it to varying degrees. Still, there is advice that is universal.
By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide.
The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions.
But soaring inflation and rapidly rising interest rates have most Americans worried that the good times will be short lived.
"Are we going to have a recession? It's pretty likely," said Larry Harris, the Fred V. Keenan Chair in Finance at the University of Southern California Marshall School of Business and former chief economist of the SEC.
"It's very hard to stop inflation without a recession."
(Excerpt) Read more at msn.com ...
“It’s very hard to stop inflation without a recession.”
Liar.
Wait! These are the good times?
By nearly every measure, the U.S. economy made a stunning recovery after the coronavirus pandemic spurred mass shutdowns and layoffs nationwide.
The labor market has added back millions of jobs and wages have gone up substantially, even among lower-paying positions.
But soaring inflation and rapidly rising interest rates have most Americans worried that the good times will be short lived.
These are the good times???
What planet do these people live on?
Ping
“These are the good times???
What planet do these people live on”?
They are out of touch idiots.
When you attack fossil fuels and nuclear, make fuel and electricity scarce and expensive, economic contraction follows. Agricultural production is severely affected. There will no only be worldwide lower living standards but food shortages and horrible hunger wars are coming. The green lunatics will neither starve no be held accountable.
What, you haven't enjoyed the past two years?
hold on to your hat
we aint seen nuttin’ yet
lol..that struck me as well.
What planet does this idiot live on.
Your post is correct, but the retirement of baby boomers is another large factor.
And I am intending to contribute to the problem by QUITTING and taking an early retirement. FU%K All these lazy welfare and unemployment cases, I hope they Starve and Die in the Street, my only Moral Obligation to society at this point is to help load the dead bodies into the trucks to go to the dump, so they don’t stink up the neighborhood.
If they believe men can have babies, then they probbably believe we are in good times.
And I am intending to contribute to the problem by QUITTING and taking an early retirement. FU%K All these lazy welfare and unemployment cases, I hope they Starve and Die in the Street, my only Moral Obligation to society at this point is to help load the dead bodies into the trucks to go to the dump, so they don’t stink up the neighborhood.
.............................................
Easy there fella: High blood pressure can be dangerous. I’ll help you load the trucks.
Man is it gonna get mean and without woke rules.
compared to what is coming
Post of the day nomination.
Come on man, buzzards gotta eat to.
1. Sell at least one of your yachts - the savings in demurrage, alone, will amaze you!
2. Expatriate the proceeds to Switzerland, where you already have several hundred million tucked away.
3. Divest yourself of all your holdings in North America.
4. Etc.
All very wise and actionable items of advice, no?
Regards,
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