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| Economy |
| Steve Hanke says we're going to have one ‘whopper' of a recession in 2023 |
| 2022-09-06 |
| [CNBC] The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher interest rates. "We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it," he told CNBC’s "Street Signs Asia" on Monday. Market watchers use the broad M2 measure as an indicator of total money supply and future inflation. M2 includes cash, checking and savings deposits and money market securities. In recent months, money supply has stagnated and that’s likely to lead to an economic slowdown, Hanke warned. "We’re going to have one whopper of a recession in 2023," he said. Meanwhile, inflation is going to remain high because of "unprecedented growth" in money supply in the United States, Hanke said. Historically, there has never been "sustained inflation" that isn’t the result of excess growth in money supply, and pointed out that money supply in the U.S. saw "unprecedented growth" when Covid began two years ago, he said. "That is why we are having inflation now, and that’s why, by the way, we will continue to have inflation through 2023 going into probably 2024," he added. |
| Posted by:The Walking Unvaxed |
| #8 Several large companies like Walmart are now offering 99 Dollar pallet sales. Whatever it is. |
| Posted by: Dale 2022-09-06 14:33 |
| #7 Meanwhile, inflation is going to remain high because of "unprecedented growth" in money supply in the United States, Hanke said. And who creates that money? The Fed. |
| Posted by: Procopius2k 2022-09-06 07:51 |
| #6 Has Walmart partnered with HUD ? Poss employee housing. |
| Posted by: Skidmark 2022-09-06 07:44 |
| #5 Shipping Costs Surge: $17,000 to Ship Container to California from Asia, Up from $3,800 in 2020 |
| Posted by: Skidmark 2022-09-06 07:43 |
| #4 /\ Has Walmart partnered with HUD ? |
| Posted by: Besoeker 2022-09-06 07:39 |
| #3 Local Super Walmart added 40 sea containers to their parking lot. Fewer shoppers buying less critical items, more storage, less parking required. |
| Posted by: Skidmark 2022-09-06 07:30 |
#2  /\ Fresh fruit has become an extravagance. Small container of berries, a bit over $10. for the first time Sunday morning at Publix grocery.Adolf Hitler appears to Biden in a dream and says: "I have two bits of advice for you: kill off all your opponents and paint the White House blue." Biden asks, "Why blue?" Adolf Hitler: "I knew you would not object to the first one." |
| Posted by: Besoeker 2022-09-06 06:05 |
| #1 Already here. Layoffs galore. High income jobs being cut now. Walmart having billions in inventory because people are only purchasing necessities. Minimalism taking hold now especially among young people. This administration ignores it as does mainstream media. New age of the preparers. 87,000 IRS agents a joke. They will only attack the law abiding. They will not go into high crime areas. Excessive food stores or firearms main targets of interest and if you are white. |
| Posted by: Dale 2022-09-06 03:57 |
