by BoatSurfer600
When inflation becomes uncontrollable, central banks’ reactions tend to be disproportionately large, which is exactly what we are seeing in 2022.
“Central banks need to be decisive on inflation, IMF’s Gopinath says”
“Some ECB policymakers want 75 basis point hike discussed in Sept, sources say”
“Dealing with inflation now an urgent issue, BIS chief says”
www.investing.com/news/economy/dealing-with-inflation-now-an-urgent-issue-bis-chief-says-2881148
“ECB needs another big rate hike in September, Kazaks says”
www.investing.com/news/economy/ecb-needs-another-big-rate-hike-in-september-kazaks-says-2881243
“ECB needs ‘significant’ rate hike in Sept, Villeroy says”
www.investing.com/news/economy/ecb-needs-significant-rate-hike-in-sept-villeroy-says-2881267
“Fed’s Mester: no ‘lean’ on size of Sept rate hike, depends on inflation”
“Central banks must tighten policy even into a recession, ECB’s Schnabel says”
“Senator Warren worries that Fed will tip U.S. economy into recession”
Millions of families are just 19 days from the breadline and would struggle to afford bare essentials within three weeks of losing their income, study shows
How’s that vote for globalist stooges working out for ya, UK sheeple?
Millions of families are just 19 days away from being unable to afford basic essentials, a study has revealed.
Spiralling energy, food and fuel bills mean households are being forced to raid their savings to cover must-pay bills.
However, such is the cost of living squeeze that this savings safety net will typically fail after 19 days if families were to lose their income.
Rent for a one-bedroom apartment in NYC nears $4,000 for the first time — as median rents rise by as much as 61% in some cities
Heckova job, Zimbabwe Ben Bernanke, Yellen the Felon, & BlackRock Jay.
Central Banks are all composed when inflation sits within their ''comfort zone area''
But once things get out of control, their reaction tends to be disproportionately big – exactly what we are witnessing in 2022
The chart below attempts at visually representing this phenomenon pic.twitter.com/AD1iWNDoMw
— Alf (@MacroAlf) August 2, 2022
"We are quite worried about a wage-price spiral. One may already be happening to a certain degree." t.co/JVW8TXZNy7
— Jesse Felder (@jessefelder) August 29, 2022
#EconWatch: Central banks across Europe turned on the printing presses, floating the continent with money, too much money. Now Europeans are paying the price. supply, No surprise. It's just like Milton Friedman always said: Inflation is always & everywhere a monetary phenomenon. pic.twitter.com/z2NlRlfmla
— Steve Hanke (@steve_hanke) August 28, 2022
The risk of high inflation becoming entrenched in expectations is high, says Executive Board member @Isabel_Schnabel at @KansasCityFed’s #JacksonHole2022. To reduce this risk, central banks must act forcefully to bring inflation back to target quickly t.co/LvcK4G35Lb pic.twitter.com/uxYOBMQ0H6
— European Central Bank (@ecb) August 27, 2022