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Email this3:31 am
November 18, 2017
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I'm pointing to the high accumulated debt from COVID-19's lockdown days. That's something I don't hear many pundits mentioning. All that borrowing while goods were not being produced in as great quantities means that someone, somewhere, has to pay the bills back. Governments hate raising taxes even when it's obviously needed; counting on massive population growth and kicking the debt forward can't keep going in the current debt surge.
The debt adds to inflation as every person, company and government tries to make someone ELSE pay that bill.
RetirEd
RetirEd
5:06 am
April 27, 2017
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agit said
Chairman Jay Powell press conference“We still have some ways to go and incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected,”
“It’s very premature in my view to be thinking about or talking about pausing our rate hike. We have a ways to go.”
and
Euro zone inflation hits record high of 10.7%
Italy’s inflation above 12%
Germany inflation jumped to 11.6%
Large numbers and a lot of similar causes to N America but also fundamental differences. N America is self-sufficient in terms of major commodities. Europe is not.
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