Economy

ymetca

(1,182 posts)

10. I'll quibble a bit with this part:

Fri Apr 29, 2022, 10:35 PM

Apr 2022

The current inflation is the consequence of a perfect storm of unique events that won’t recur — and won’t be remedied by higher rates.

The second part is probably correct, but I sincerely doubt the first part.

We appear to be in the final Disaster Capitalism phase now, because the planet is melting and the permafrost is rebirthing ancient viruses, and we're all gonna be running from wildfires, floods, pestilence and famine. And our leaders are either dithering or burying their heads in the sand.

I can hardly wait for the Nestle bottled water wars of 2050, aren't you?

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by Robert Reich Warning: The Fed is aiming a battering ram at the American economy. [View all] elleng Apr 2022 OP

Time to hunker down. Hard times are coming. Tomconroy Apr 2022 #1

Reich sure lost favor among Obama, Hillary Clinton, and Biden. Hoyt Apr 2022 #2

I suspect his support of Sanders had something to do with that JohnSJ Apr 2022 #4

No doubt. Reich was a fellow on the Sanders Institute, along with Budi Apr 2022 #6

Yup. JohnSJ Apr 2022 #9

Real estate prices are out of control, and interest rates have been too low for too long JohnSJ Apr 2022 #3

"Americans are flush with cash"...?? Budi Apr 2022 #5

Basic Econ 101. Native Apr 2022 #7

"Flush with Cash" - The Personal Savings Rate was elevated during the pandemic progree Apr 2022 #8

I'll quibble a bit with this part: ymetca Apr 2022 #10

There's a big hole in the Fed's theory of inflation --- incomes are falling at a record 10.9% rate progree Apr 2022 #11