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Stagflation is coming, the Fed 'messed it up': Komal Sri-Kumar
DerekJohnson
Administrator, Swaye's Wigwam Posts: 68,558 
https://www.youtube.com/watch?v=75DgYRQlLJsComments
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The employment data says otherwise
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We aren't at stagflation yet, but we will probably be soon.FireCohen said:The employment data says otherwise
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.
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Which seems to be the intentiongreenblood said:
We aren't at stagflation yet, but we will probably be soon.FireCohen said:The employment data says otherwise
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.greenblood said:
We aren't at stagflation yet, but we will probably be soon.FireCohen said:The employment data says otherwise
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.
