“big shock”
No schiff!!!
70s stagflation/malaise is nothing compared to what the Left has on the drawing board.
The fundamental transformation of America continues.
Hail Hydra.
Until mortgage rates hit 15%-20%, the pain will only get worse.
“That would be pretty odd, raising interest rates at the same time we do this giant fiscal stimulus,” Fink said.
—
“You know what we need to cure this hangover? A larger martini glass.”
I was going to treat myself to a kind of deluxe hamburger you can get in my town that used to cost about 12 bucks, all In. I had not been there in, I guess, 2 years. I stopped at the front of the restaurant and looked at the menu and that same Burger was $18.45.
Sorry, I can’t pay $20 (w/tax) for a frickin’ hamburger. Can’t do it. Just can’t.
“Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years.”
Huh? I’ve never seen “declining inflation” for my entire life. Well I guess if you mean “there was still inflation every year but not as much as in the 70s” you could say it declined.
The Utility I work for is considering sending out a warning to our customers about the price of Natural Gas heating for next Winter.
Exactly one year later.
Master of the obvious!
Blackrock’s Brian Deese runs the economy out of the oval office. Everything woke, ruin fossil fuels and production. The guy has no business being anywhere near government policy.
Well duh
Captain Obvious
“ https://nypost.com/2022/06/01/jpmorgan-ceo-jamie-dimon-warns-an-economic-hurricane-is-coming/”
“It’s a hurricane. Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,” Dimon said during a conference sponsored by AllianceBernstein, according to Bloomberg.
That hurricane is right out there, down the road, coming our way,” he added. “We just don’t know if it’s a minor one or Superstorm Sandy or Andrew or something like that. You better brace yourself.”
“ The Federal Reserve is set to begin shedding its nearly $9 trillion in bond holdings this month in a process known as “quantitative tightening.” Central bank officials are also expected to enact another half-percentage point interest rate at their meeting later this month.”
“JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet,” Dimon added.”
As will all of us worth less than a billion dollars……
deliberately done while we sit in A VAT OF WATER ON SLOW BOIL