American Economics Thread
- Thread starter Bernard
- Start date
Tolerating higher inflation means that the middle class will get poorer and that poor people even poorer, inflation could eat through the middle class like a hot knife in butter, it could lead to a rise in populism and can even hurt the economy as companies have to increase salaries to keep up, that will lead to unemployment and people tightening their belts to wait for "reasonable prices".......stagflation. And all for what? for saving a few billionaires? to keep the stock casino open? Ever single FED and others Central Bank intervention is becoming increasingly costly.
But if saving billionaires and gamblers is the FED policy because for some reason that is the only way to save the economy then they should go for it, for some reason their economists earn more money than i do. But they should say "We dont give a damn about the middle class and our policy is to save billionaires and gamblers"
But if saving billionaires and gamblers is the FED policy because for some reason that is the only way to save the economy then they should go for it, for some reason their economists earn more money than i do. But they should say "We dont give a damn about the middle class and our policy is to save billionaires and gamblers"
They got away for free rent for most of 2020 and 2021. What comes around goes around.
US oil/Gas industry suck up all the skills/ investments and they can sell it to Europe/Asia as LNG at price multiples. so who want to work in Nuclear plants. for some reason so much investment in energy industry has yet to reduce manufacturing trade deficit.