Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
https://www.cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/index.html
by Pasivite
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
https://www.cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/index.html
by Pasivite
2 comments
“That’s because businesses generally can only raise prices when people are earning enough to afford it.
In contrast, when unemployment is high and people are cutting corners, businesses will have a tough time passing on higher prices to
their customers, which keeps inflation low.”
Well…stop skyrocketing gasoline prices!………but…but..the war….
Well…stop skyrocketing interest rates!………but..but…the gen z streaming subscriptions…..
Soooo….skyrocketing gasoline prices skyrocketing inflation….so skyrocketing interest rates to ‘lower ‘ inflation…>>so Americans drowning in cc debt…>>so too much ‘spending ‘….>>so more higher skyrocketing interest rates…>>so more skyrocketing prices….so……
In any possibility it’s always worker’s fault because…I mean..they could starve themselves…right…I mean…not everybody is going to be rich worthy…far right extremists republikans and libertarians 101….
I think arbitrarily playing with interest rates is wrong. Keep it below 4 percent. Half that for housing industry. Have a Jubilee Year. Alternativeky, reinstitute what Reagan took away: the ability to write off interest on credit card debt.