- Energy prices on their own do not cause inflation nor recessions
- Energy is not even part of core inflation
- It is the reaction of the governments & central banks to high energy prices that might cause inflation and recessions or mitigate their impact
#Inflation#Recession
And it will get worse. USA has high growth and high inflation; EU lower growth and lower inflation; UK has EU growth (at best) and near US inflation. Brexit has given us worst of both worlds #economy#recession#gasprices#Brexit
Regrettably, Posen is probably right about this. Brexit has made the cost of living crisis worse than it otherwise might have been ft.com/content/34eea151-ffae…
Trucks move the country (SUPPLY CHAIN) diesel fuel runs the trucks (and tour buses BTW) they do not run on pixie dust… many truckers are quitting because of fuel prices … in the meantime consumers will be paying even more for goods. economy 101 #recession
#TheStandUp: Nick Morton of Resonant joins us live at 10 talking what stocks to buy. Plus whispers of #recession in the states.
Locally, $JHX Q4FY22 out and $WPL in focus with its proposed merger with $BHP. #ausbiz
Stream live from 8.30 on ausbiz.com.au
Goldman Cuts U.S. GDP Forecasts, and Blankfein Warns of ‘Very High’ Recession Risk
#Fed is facing a narrow path , raising rates hoping for #inflation to also moderate.
#recession is now the baseline for US & Global Economy
barrons.com/articles/goldman…
Greed driven Capitalism means boom/bust is inevitable. With cost of living rising beyond belief and #inflation heading towards 10% with wages stagnant, #recession and the bust part are closer than we think. We need to smash the rotten system & bring down #Capitalism.
#TonightVMTV