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Very bad news for retirees, especially. Unless you’re a public employee on an inflation-adjusted pension, a 5% inflation rate will cut your purchasing power in half in 10 years.
Yup -- as they were predicting last December --- they knew it was coming and it would be inevitable as we returned to normal and supply chains were still working to get back online.
The question is will it continue to be as high as we move forward.
There have been predictions of inflation and stagflation long before the pandemic. It is inevitable it seems.
Yup -- as they were predicting last December --- they knew it was coming and it would be inevitable as we returned to normal and supply chains were still working to get back online.
The question is will it continue to be as high as we move forward.
There have been predictions of inflation and stagflation long before the pandemic. It is inevitable it seems.
Biden is throwing way too much free money at people, meaning more dollars chasing fewer goods.
Maybe more free money for workers to produce nothing will do the trick? You know what's worse than a virus with a <1% mortality rate that was weaponized to remove Trump? Starving because you can't afford food. Continue playing stupid games America and you just may find yourself winning some very stupid prizes...
Eh I'm mostly invested in things that increase as prices increase, I get to pop popcorn and sit back and watch the libs destroy the lower classes. Be careful what you wish for, Biden voters, you just might get it!
Biden is throwing way too much free money at people, meaning more dollars chasing fewer goods.
Giving away trillions in "loans" where you're not expecting repayment isn't fiscally sound.
I'm fine with pinning blame on Biden where it's due, but Trump making it rain cash didn't help either.
Those loans should have 100% been paid back.
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