May 25, 2022
Ya Think!
Timothy Birdnow
"Mild?" "Mild!" What is this guy smoking? This is going to be a terrible recession, likely a full blown depression. Stagflation is coming. We have pumped up the money supply to a ridiculous level and our script is fairly worthless. Meanwhile nations are starting to de-couple from the dollar. That signals disaster; it's what has been holding up the value of the dollar. Sky high fuel prices mean EVERYTHING is going to cost a lot more. And that exaserbates the broken supply chains. There is another housing bubble which i starting to burst as well. This is going to be BAD and it goes directly back to horrendous governmental policy both at the Federal Reserve and the Biden Administration and Congress being unwilling to rein in spending.
Alan Blinder, former Federal Reserve vice chair, thinks that it's likely the U.S. will fall into a mild recession next year.
"Mild?" "Mild!" What is this guy smoking? This is going to be a terrible recession, likely a full blown depression. Stagflation is coming. We have pumped up the money supply to a ridiculous level and our script is fairly worthless. Meanwhile nations are starting to de-couple from the dollar. That signals disaster; it's what has been holding up the value of the dollar. Sky high fuel prices mean EVERYTHING is going to cost a lot more. And that exaserbates the broken supply chains. There is another housing bubble which i starting to burst as well. This is going to be BAD and it goes directly back to horrendous governmental policy both at the Federal Reserve and the Biden Administration and Congress being unwilling to rein in spending.
Alan Blinder, former Federal Reserve vice chair, thinks that it's likely the U.S. will fall into a mild recession next year.
Posted by: Timothy Birdnow at
11:50 AM
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1
Government bureaucrats ALWAYS estimate on the wrong side of things, then are "surprised" when things don't turn out the way they expect. Too bad we can't do totally away with all those "agencies."
Posted by: Dana Mathewson at May 26, 2022 02:59 PM (5O9A0)
2
Amen Dana! They estimate wrongly because it suits them.
Posted by: Timothy Birdnow at May 27, 2022 08:53 AM (fADgR)
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