BLOOMBERG: “Inflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year…” Danielle DiMartino Booth: “Living on early withdrawal of social security wasn’t realistic before inflation took off. Now it’s impossible.”

BLOOMBERG: “Inflation will mean the average U.S. household has to spend an extra $5,200 this year ($433 per month) compared to last year…” t.co/QJtOiuAIF5

— John Ashbrook (@JohnAshbrook) March 30, 2022

This trend will, no doubt, accelerate. Living on early withdrawal of social security wasn’t realistic before inflation took off. Now it’s impossible.

This is, that said, GREAT for employers who need to slough off less productive and/or entitled workers. t.co/degiDJ4Upf

— Danielle DiMartino Booth (@DiMartinoBooth) March 30, 2022

Sending stimulus checks to fight inflation is like drinking more tequila to fix a hangover 🤷🏾‍♀️🤦🏾‍♀️

— Lavern Spicer (@lavern_spicer) March 29, 2022

Entering Inflation Spiral Zone 👇👇👇 pic.twitter.com/UQGto7KRZV

— Win Smart, CFA (@WinfieldSmart) March 30, 2022

How they think they get to an 3%+ effective Fed funds rate within 12 months without causing extensive damage is a mystery.

In the 70's they raised aggressively in the face of inflation & ended with 2 mild recessions.
But back then debt to GDP was 40%-60%.
Now north of 120%. pic.twitter.com/o6EjuIpt6F

— Sven Henrich (@NorthmanTrader) March 30, 2022