06-16-2022, 04:25 PM
Will a recession bring the inflation rate under control?
A little history. We had a recession in 1974.
It reduced inflation a bit, but didn't kill it.
Inflation rate:
1974: 11.04%
1975: 9.13%
1976: 5.76%
1977: 6.50%
1978: 7.59%
1979: 11.35%
1980: 13.50%
Source: https://fred.stlouisfed.org/series/UNEMPLOY
The Fed's own "GDP Now" real-time GDP predictor is currently at 0% for Q2:
Source: https://www.atlantafed.org/cqer/research/gdpnow
Recession incoming.
Diesel exhaust fluid (DEF) is required by all recently built diesel engines. No DEF and trucks don’t move.
And there is a huge shortage of DEF happening.
Trucks are being parked because of it. Forget diesel and gasoline prices, this is WAY bigger.
https://twitter.com/WallStreetSilv/statu...6730653699
DEF delete = No food, no anything.
Had this tune in my head when I read your post.
Meanwhile...
https://twitter.com/i/events/1537140970701078528
Package includes for the first time, launchers for vehicle-mounted Harpoon anti-ship missiles.
A little history. We had a recession in 1974.
It reduced inflation a bit, but didn't kill it.
Inflation rate:
1974: 11.04%
1975: 9.13%
1976: 5.76%
1977: 6.50%
1978: 7.59%
1979: 11.35%
1980: 13.50%
Source: https://fred.stlouisfed.org/series/UNEMPLOY
The Fed's own "GDP Now" real-time GDP predictor is currently at 0% for Q2:
Source: https://www.atlantafed.org/cqer/research/gdpnow
Recession incoming.
Diesel exhaust fluid (DEF) is required by all recently built diesel engines. No DEF and trucks don’t move.
And there is a huge shortage of DEF happening.
Trucks are being parked because of it. Forget diesel and gasoline prices, this is WAY bigger.
https://twitter.com/WallStreetSilv/statu...6730653699
DEF delete = No food, no anything.
Had this tune in my head when I read your post.
Meanwhile...
https://twitter.com/i/events/1537140970701078528
Package includes for the first time, launchers for vehicle-mounted Harpoon anti-ship missiles.
"The New World fell not to a sword but to a meme." – Daniel Quinn
"Our society is run by insane people for insane objectives. I think we're being run by maniacs for maniacal ends and I think I'm liable to be put away as insane for expressing that." ― John Lennon
Rogue News says that the US is a reality show posing as an Empire.
"Our society is run by insane people for insane objectives. I think we're being run by maniacs for maniacal ends and I think I'm liable to be put away as insane for expressing that." ― John Lennon
Rogue News says that the US is a reality show posing as an Empire.