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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 1:25 pm to Longhorn Actual
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
3
Posted on 4/25/24 at 1:35 pm to Darth_Vader
quote:
Think about what 2008 was like and add in the fact it costs $20 for a burger, fries, and Coke.
we're already there... past there is you go to Five Guys
Posted on 4/25/24 at 2:31 pm to Darth_Vader
quote:
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.
I remember the 70's vividly. This is going to be worse than the 70's. All of the economic data is pointing to stagflation like Germany had about 80 years ago. Bad economic policy leads to a bad economy. Who would have thunk it.
Posted on 4/25/24 at 2:43 pm to Darth_Vader
quote:Back then I can remember telling someone, "We have double digit inflation and double digit unemployment. We're fricked!'
Those of us who remember the 70s know what this is like.
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