ShadowStats real Inflation for December 2021 is 15.1%.
ShadowStats real Unemployment for December 2021 is 24.5%.
One out of 4 Americans who wants to work can't find a job that pays the bills.
Stick to baking cookies Doris, economics is not your bag.
Fmr. White House economist warns Biden's 'irresponsible' policies will cause double-digit inflation in 2022
Kevin Hassett said Biden's policies are putting the Fed 'behind the 8-ball'
Distinguished Visiting Fellow at the Hoover Institution Kevin Hassett discusses inflation outlook for 2022.
Biden policies will cause double-digit inflation in 2022:
During an interview on "Mornings with Maria" former Council of Economic Advisers Chairman Kevin Hassett slammed Biden policies and said he is almost certain there will be double-digit inflation in 2022.
KEVIN HASSETT: We're looking at government spending relative to GDP and about 1943 levels. And so all of the spending, especially the last run from the Democrats, has been monetized by the Fed. In fact, in some auctions, in order for the US to sell dollars worth of Treasuries, the Fed had to buy a dollar and a half because there are so many customers leaving, you know, so. So the Fed has made the spending binge possible. And now, you know, it's not just the Fed that's going to have to fix it. You know, Congress is going to have to cut spending. It's going to have to… kind of Gramm Rudman-like fix. Otherwise, the deficits are so high that the Fed's just not going to be able to get inflation under control. You know, I'm virtually certain that we're going to see double-digit inflation this year because of all the irresponsible Biden policies, both feeding demand and attacking supply. And that puts the Fed behind the 8-ball because they could lift interest rates. They could cut back on the balance sheet, but they're not going to be able to do it enough to get inflation under control.
http://video.foxbusiness.com/v/6290465385001
TOP (01-13-2022)
Only 7?
I tend to doubt it.
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
Finally...someone gets it right.
Yes, Biden is partly to blame.
DEFINITELY.
With his throwing, GIGANTIC amounts of money at the economy like an imbecile.
But the main culprit by a MILE is the Federal Reserve.
What so many people seem to be clueless about is the Fed - in essence - runs the economy now.
Congress could NOT run gigantic deficits without the Fed's support (not for long).
In fact, the Fed bought up nearly all of Congress's deficit spending this year.
https://wallstreetwindow.com/2021/08...-ryan-mcmaken/
This had been coming for a LONG time.
With the near-zero interest rates and massive equity stimulation.
The Fed has been practically daring inflation to rear it's ugly head.
Personally?
I am not sure this is the 'big one' yet.
I expected a few more years at least before the debt bubble bursts.
Anyway, we will know in a few months?
If inflation keeps rising...BIG trouble.
As a result, recovering from tRump's covid atrocity on the domestic and global economy, it appears as a result of the majority of American voters giving the lawlessly hacked in tRump tyrant the boot in 2020, there also appears serious issues to consider when it comes to the affects the covid-19 crisis has on the global economy. This is when it comes to labor shortages that are essential at moving global commerce. Essential workers are dying of this covid-19 dilemma that could have been avoided had that tRump freak not ignored serious warnings to alert humanity of the pending covid pandemic. Yet to allow it to come to the global crisis that it is now, and that goes for seditious tRump ass kissing repukes to. What is more astonishing is for assholes to blame tRump atrocities on President Biden who came into office with tRump's covid dilemma was in full affect.
Supply chain chaos is already hitting global growth. And it’s about to get worse
Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to emerge from the Covid-19 pandemic.
But the pandemic has left one very destructive issue in its wake: disruption to global supply chains.
The rapid spread of the virus in 2020 prompted shutdowns of industries around the world."
https://www.cnbc.com/2021/10/18/supp...get-worse.html
Last edited by gemini104104; 01-13-2022 at 03:23 AM.
TRUMP
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
FOX
This illegal illegitimate regime that runs America is at fault...not me.... they do not represent me and I have long objected to their crimes against humanity.
McRocket (01-13-2022)
That was from October.
Before the latest inflation statistics.
Back when people still thought inflation was 'transitory' and largely based on supply chain issues.
Even the Fed has now abandoned that line of thinking - hence the promised rate hikes for this year.
Inflation is no longer 'transitory'.
https://www.nationalreview.com/news/...ation-reality/
cancel2 2022 (01-13-2022)
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