. Peter Navarro: We Are In Stagflation, Empty Office Buildings Have Become A Debt 'Ticking' Time Bomb
First Germany, now it looks like France...
Many economists, politicians, and journalists like to say this is just a European problem.
We'll see how long this 'American exceptionalism' lasts...
#recession #inflation #stagflation
The government's emphasis on investor-friendly policies and neglect of the working class highlight the inherent flaws in the current economic system. 1/3
#WorkingClassStruggles
#WorkingClassNeglect #FlawedEconomicSystem
dawn.com/news/1761276
May industrial production fell .2%, verses expectations of a .1% rise, while capacity utilization unexpectedly fell to 79.6%. June Philly Fed Mfg. Index was -13.7, its 10th consecutive monthly contraction. New orders fell to -11, the 13th negative reading in a row. #Stagflation !
Let's see, inflation is high, demand is dropping, and shipping rates are plummeting worse than 2020Q1. How else could one say #stagflation .
Here's $BDRY Reminds me of high school physics experiments with a falling metal ball.
America's memory is too short!
Regan gave us Stagflation
Bush gave us recession
GW gave us damn near depression #mortgagecrisis
Trump gave us 25% of our debt
If you're still voting for Republican POTUS #youareawful
investopedia.com/terms/s/stagfl…