I hope people have prepared for this, particularly the people who saw it coming. I also hope people remember that leading up to this crash, politicians and the corporate press were celebrating the economy and telling us that inflation was a good thing actually.
— Dave Smith (@ComicDaveSmith) June 22, 2022
Powell Pledges to Beat Inflation Even If it Causes Recession and Job Losses
Damn the asset bubbles on the way up, QE is a lot easier to conduct than QT. It's hard to slowly let air out of a bubble using a pin as a tool t.co/crPjwiicpQ
— Mike "Mish" Shedlock (@MishGEA) June 23, 2022
"Are you and the Biden administration taking preventative steps in case [a recession] happens?"
Energy Secretary Jennifer Granholm: "Oh, for sure. The president is really focused on preventing these inflationary increases." pic.twitter.com/2O9QCCbi4H
— RNC Research (@RNCResearch) June 19, 2022
QE to infinity! t.co/O06zGzM9AZ
— Peter ⚒ Spina | #FREERUDY Gold & Silver Maximalist (@goldseek) June 23, 2022
Nomura predicts recession in Q4 2022. Inflationary pressures have not eased meaningfully and may have arguably worsened. Inflation expectations are showing growing signs of being unanchored. pic.twitter.com/e2vAH565Bg
— IamFed (@IamFed2) June 20, 2022
#Savings are deteriorating rapidly with inflationary prices, we will be entering a #recession in a few months, perhaps with less savings than we had during the financial crisis. #economy #markets #inflation #federalreserve #econtwitter pic.twitter.com/DY3RkKHJqi
— Dave. Sriracha Investor (@DavidSSKCapital) June 23, 2022
The Fed made their choice.
The tide is starting to turn towards recession.
The question now:
How much recessionary pain are they willing to inflict to relive the inflationary pain? t.co/wDQg4wPYxz
— Ascendant Power (@AscendantPower) June 23, 2022
The Federal Reserve’s ability to achieve a “soft landing” in its fight against inflation is looking increasingly less likely, a growing number of economists are suggesting.
Americans hammered by rising inflation should brace for the economy to become even more precarious, an economist has warned. Inflation comes in several stages, and based on historical precedent, the next one the United States is facing won’t be pretty, he said.
Not to worry, president Biden says a recession is not here, and no one on the Fed sees anything under one percent growth.
These markets are putting me to sleep.
A big move is coming. pic.twitter.com/mtcoCaOBYi
— Mac10 (@SuburbanDrone) June 23, 2022