Stagflation is coming, the Fed 'messed it up': Komal Sri-Kumar

AtomicPiss

https://www.youtube.com/watch?v=75DgYRQlLJs

FireCohen

The employment data says otherwise

greenblood

FireCohen said:

The employment data says otherwise

We aren't at stagflation yet, but we will probably be soon.

High energy costs will continue to pass down to food and household items. Employment will decrease because there are people that can't afford to drive to work with $4.50/gallon unleaded gas prices. We will then see continued supply chain issues that will drive up costs due to limited supply. These will in turn increase the costs of raw materials, which will also drive up prices. Profit will decrease because companies will be forced to pay inflated wages to minimal staff just to keep the doors open, but much less quantity.

We are on the brink of an economic collapse that will make the 08' crash look like a correction.

AtomicPiss

greenblood said:

FireCohen said:

The employment data says otherwise

We aren't at stagflation yet, but we will probably be soon.

High energy costs will continue to pass down to food and household items. Employment will decrease because there are people that can't afford to drive to work with $4.50/gallon unleaded gas prices. We will then see continued supply chain issues that will drive up costs due to limited supply. These will in turn increase the costs of raw materials, which will also drive up prices. Profit will decrease because companies will be forced to pay inflated wages to minimal staff just to keep the doors open, but much less quantity.

We are on the brink of an economic collapse that will make the 08' crash look like a correction.

Which seems to be the intention

FireCohen

greenblood said:

FireCohen said:

The employment data says otherwise

We aren't at stagflation yet, but we will probably be soon.

High energy costs will continue to pass down to food and household items. Employment will decrease because there are people that can't afford to drive to work with $4.50/gallon unleaded gas prices. We will then see continued supply chain issues that will drive up costs due to limited supply. These will in turn increase the costs of raw materials, which will also drive up prices. Profit will decrease because companies will be forced to pay inflated wages to minimal staff just to keep the doors open, but much less quantity.

We are on the brink of an economic collapse that will make the 08' crash look like a correction.

Not sure I agree that we are on verge of an economic colapse.