FEDERAL RESERVE CONTINUES TO IMPLEMENT THEIR MONEY POLICY ASS BACKWARDS
GRA:I'll explain below.
(Newsweek)America is almost certain to be in a recession when official figures are released, according to early data.
An update from the Federal Reserve Bank of Atlanta shows the economy on course for zero percent growth in the second quarter of 2022, and the trend from the data would suggest that the economy is on course for a contraction.
This would put the U.S. into an official recession—defined by economists and policymakers as two consecutive quarters of falling GDP.
The value of goods and services in the U.S. economy—Gross Domestic Product, or GDP —shrank by 1.5 percent in the first quarter of 2022.
Combined with 40-year high inflation, this would put the U.S. economy in a period of what is called "stagflation", a portmanteau word of stagnation (i.e. recession) and inflation.
GRA:Let's recap what the Fed has been doing completely wrong:They lowered rates in a booming economy and are now RAISING rates in an economy headed toward(and probably into)a recession/depression.I believe it's intentional--in keeping with the commie goal of destroying the country.
That's it--in a nutshell.
ReplyDelete--GRA
Janet Yellen disagreed with something that ate her. That is so funny. From Ian Fleming and attributed most graciously to same.
ReplyDeleteFEDERAL RESERVE CONTINUES TO IMPLEMENT THEIR MONEY POLICY ASS BACKWARDS
ReplyDeleteGRA:I'll explain below.
(Newsweek)America is almost certain to be in a recession when official figures are released, according to early data.
An update from the Federal Reserve Bank of Atlanta shows the economy on course for zero percent growth in the second quarter of 2022, and the trend from the data would suggest that the economy is on course for a contraction.
This would put the U.S. into an official recession—defined by economists and policymakers as two consecutive quarters of falling GDP.
The value of goods and services in the U.S. economy—Gross Domestic Product, or GDP —shrank by 1.5 percent in the first quarter of 2022.
Combined with 40-year high inflation, this would put the U.S. economy in a period of what is called "stagflation", a portmanteau word of stagnation (i.e. recession) and inflation.
GRA:Let's recap what the Fed has been doing completely wrong:They lowered rates in a booming economy and are now RAISING rates in an economy headed toward(and probably into)a recession/depression.I believe it's intentional--in keeping with the commie goal of destroying the country.
--GRA