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re: US economy grew by just 1.6% in the first quarter, a much slower pace than expected
Posted on 4/25/24 at 1:21 pm to notiger1997
Posted on 4/25/24 at 1:21 pm to notiger1997
quote:
Good
Yes and no.
Good in theory, because it would indicate the rate hikes have cooled things off and inflation should be checking up.
Bad because inflation hasn't checked up, so in THAT case, you'd at least want a red hot economy to go with it.
Inflation + cooling economy = stagflation. That's a situation that is very difficult to get out of.
1
Posted on 4/25/24 at 1:25 pm to Longhorn Actual
quote:
Inflation + cooling economy = stagflation. That's a situation that is very difficult to get out of.
Those of us who remember the 70s know what this is like. You young guys think 2008 sucked? Just wait. Think about what 2008 was like and add in the fact it costs $20 for a burger, fries, and Coke.
Elections have consequences. Many are about to find that out the hard way.
This post was edited on 4/25/24 at 1:29 pm
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