by Wega58
Stagflation is a term used to describe a situation where the economy is stagnating, there is high inflation, and rising unemployment. It’s a bad situation because as the economy slows down, people lose their jobs, and the cost of daily living expenses continues to go up. This creates a double whammy effect, and investments see lower returns. Stagflation has happened twice before in the US, in 1974-75 and 78-82. It’s caused by supply shocks, bad monetary policy, or bad fiscal policy. Supply shocks happen when something goes wrong in the supply chain, and it could be de-globalization or an oil embargo, as it was in the 70s. Bad monetary policy or bad fiscal policy can overpower the recessionary effects and keep stagflation high.
Hey America, are your food prices going up or down?
Inflation is kicking our asses in Metro New York City area. No price reductions of any kind. t.co/EWTcaUlUM3
— William Murphy (@futuredude) March 27, 2023
Price Inflation is not going anywhere but up for the foreseeable future.
Don't let them fool you… pic.twitter.com/1IbRynaOi6
— Michael T. Maloney (@mtmjr77) March 27, 2023
I think you missed a bit – ‘a few people…’
The Rhondda people will be more concerned about:
– standards of living falling by record levels
– life-expectancy falling – especially for women
– inflation going up
– the Tories protecting the rich while the poor get poorer
Etc
. pic.twitter.com/Doyo7PU7mL— Invisible (@mi53946964) March 28, 2023
Gold's long term target to $3,000 mark within 12 to 18 months… pic.twitter.com/Gm7aaIXcsU
— Rashad Hajiyev (@hajiyev_rashad) March 29, 2023