With the Consumer Price Index (CPI) hitting a 40yr high of 8.5% YoY, it’s only a matter of time before the other shoe drops.

With the Consumer Price Index (CPI) hitting a 40yr high of 8.5% YoY, it's only a matter of time before the other shoe drops. Small businesses will be hit hard. Huge govt. spending financed by Fed has created an economic wrecking ball (read: an INFLATION TAX). pic.twitter.com/BRGfreTCzM

— Steve Hanke (@steve_hanke) April 15, 2022

#recession … #GFC2 US #Consumer edition https://t.co/A8Tlfy2VdW

— Invariant Perspective (@InvariantPersp1) April 15, 2022

#recession … #GFC2 "#Stagflation" edition https://t.co/WEA5PnCYQj pic.twitter.com/oZlypx5fZE

— Invariant Perspective (@InvariantPersp1) April 15, 2022

#recession … #GFC2 US #Consumer edition https://t.co/MrRUvmoFzE

— Invariant Perspective (@InvariantPersp1) April 15, 2022