1970s:
Slow and depressed #GDP growth
High levels of #inflation
High #oil prices #Stocks and #bonds sell off together
What does that sound like? pic.twitter.com/Vg7FgX8WDv
— OW (@OccupyWisdom) May 23, 2018
Growth based on #debt…
The US, as a single nation, borrows ~$3,000,000,000 per day.
This represents approximately 80% of GLOBAL savings.
Free market #capitalism was replaced with #finance capitalism. pic.twitter.com/kK2krTNF1D
— OW (@OccupyWisdom) May 23, 2018
CREDITISM
The US has no savings, need to borrow to survive
⬇️
For the US to continue to borrow $
⬇️#interestrates need to rise
⬇️
Interest rates can’t rise because of the massive #debt
⬇️
Debt is needed to finance old debt pic.twitter.com/Fsd8aKrsAx
— OW (@OccupyWisdom) May 23, 2018
PERSONAL #SAVINGS RATE = PRE #FINANCIALCRISIS LEVEL pic.twitter.com/hrU2iNz2CE
— OW (@OccupyWisdom) May 23, 2018
Inflation Is Coming to the US Economy on an 18-Wheel Flatbed
Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and ready to reverberate around the economy.
One reason inflation is potentially relevant is that it is typically rising and/or at a relatively high level going into a recession, and therefore relates to thinking about the business cycle.
UBS WARNS THERE COULD BE AN OIL PRICE SPIKE TO $100 THAT TRIGGERS A US RECESSION
Oil prices have risen above a “sweet spot” of between $50 and $70 a barrel that encourages global growth, according to Swiss investment bank UBS.
If oil prices rise another $20 to $100 a barrel, UBS said it would dent global growth and send consumer prices higher.
UBS said prices could keep rallying for several reasons, putting the U.S. economy at risk of entering a recession.