The definition of stagflation is growth below its long-term trend and inflation above trend.
That’s what we got in the first quarter of 2022.
The economy did not just grow slowly. It contracted on an annualized basis. Imports, which are subtractions from GDP, expanded massively and and exports fell. Consumer spending was weaker than expected, suggesting that households balked at high prices. Inventories fell, subtracting from GDP.
More @ Breitbart
Idk my friend. It's all about what you make of things. Hard work pays. Period. My nose is to the grindstone these days.
ReplyDeleteCertainly this useful idiot has contributed but let us remember about 90% of all of it is NOT possible without FIAT CURRENCY. Fiat currency is the tool of thieves and tyrants used to loot and enslave people.
ReplyDeleteY'all have a nice day.
Yup and the dollar is worth about 3 cents today as regards to its value in the early 1900's.
DeleteBrock, this info should heat you up there in North Carolina:
Deletehttps://www.breitbart.com/politics/2022/04/28/bidens-dhs-confirms-plans-to-siphon-healthcare-services-away-from-veterans-to-illegal-aliens-at-border/
When did this comment section change? Can't even
sign with ones name and I don't go to google.
Thanks and I don’t know but will check it when I get out of the hospital again😩Brock
Delete