Deutsche Bank issues dire economic warning for America
it's seem they now come to rob us and the Tax on the poor will be very bad for the politicians.Both political parties are at fault! Washington D.C. is just a nest of greedy lobbyist,lawyers with greedy politicians.
The Republicans finally sound off after losing the election about the budget debt and how bad it was.Now we reap what they sowed on us and it ain't going to be pretty when they start pointing the fingers at each other as the Titanic goes down for good.
They will blame it on The Virus but getting to the edge of the cliff was all done before The Chinese unleashed the pandemic, It merely was the final push to take the fall,never forget we Americans that the political system is corrupt to the core. Zimbabwe here we come!
serf
https://thehill.com/opinion/finance/557743-deutsche-bank-issues-dire-economic-warning-for-america
According to the report, “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”
That could be deemed an understatement considering that the U.S. economy is already experiencing “uncomfortable” inflation.
Consider: Based on the most recent inflation report from the U.S. Bureau of Labor Statistics, “In April, the Consumer Price Index for All Urban Consumers rose 0.8 percent on a seasonally adjusted basis; rising 4.2 percent over the last 12 months.”
An annual inflation rate of 4.2 percent is more than “uncomfortable.” But the looming threat of inflation seems to have fallen on deaf ears in Washington, D.C., over the past year, as Congress has supercharged spending to levels unseen since World War II.
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Anytime government is involved in the economy things starts to circle the drain. Inflation is just one of the symptoms.
Leftist ideology can only be effective when government is fully entrenched in any economy.
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my grocery bill was 25.00 higher today
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mac10: 31513311907867/comments/31513329595163
my grocery bill was 25.00 higher today
Was that just an extra couple of pounds of hamburger? It could not have been any steaks with what i have seen for beef prices around here.
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with our little chain of stores, you never know. The other day 80/20 burger was $4.49lb while the had a special on eye of round for $2.49.😊
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