The title suggests this is some future possibility? Sorry IBD, but it’s already here.
Not as dramatic, but yes.
Human nature and the basic fundamental economic forces are always present, even if you choose to ignore them as this administration does.
Oh, and let’s double down by increasing the minimum wage while we’re at it.....
This country and the world are on the verge of so many new developments the likes of which will completely change (in some ways scary too) the way we live and produce goods and services.
From machine 2 machine communications (the internet of everything, see CalAmp - "CAMP"), to agriculture, robotics, biotech (Baker Bros, the leading biotech hedge fund, earned a whopping 120% return last year and over 700% plus for the last 3 years), oil and gas development from fracking, 3-D printing, etc, etc, etc.
Time to resurrect Carter’s ‘Misery Index”.
I don’t know where people get the idea that inflation is a sign or a cause of economic growth.
Obama aspires to first place in all negatives. Since Jimmy Carter had a higher misery index than Obama has reached, yet, I’m sure Obama is working to take first place. Similarly, Buchanan’s mistakes led to a full Civil War, and Obama is not averse to trampling fundamental human rights in ways that may provoke serious nationwide problems.
If inflation were measured in the fashion it was in the 70s, inflation would NOT be low.
And there are the repeated broadcasts for weeks saying that the Fed will tighten up, although that hasn’t happened, yet. Expect interest rates to go up before long, if any of that’s true. It’s all been brewing since the early ‘70s.