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Economy
Mounting Evidence Is Pointing To A Nightmare Scenario For The US Economy
2024-04-29
[Daily Caller] The U.S. economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation.
Could continued government borrowing be the cause ?
U.S. annual economic growth measured just 1.6% in the first quarter of 2024, following a report of persistently high inflation in March of 3.5% year-over-year. The combination of both low growth and high inflation, in conjunction with continuously high amounts of government spending and debt, has led to signs of stagflation in the U.S. economy, which wreaked havoc on U.S. consumers throughout the 1970’s, according to experts who spoke to the DCNF. (RELATED: Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy)

"It’s not so much that we risk stagflation as we’re already there," E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. "We have basically pulled forward trillions of dollars of economic growth by borrowing from the future, but that must be repaid at some point. And it is highly inefficient as well."

Stagflation is a unique economic phenomenon that involves slow growth, high unemployment, and elevated inflation and is particularly difficult to address as solutions for one issue can exacerbate the others, according to Investopedia. The most notable example of stagflation occurred in the 1970’s, after an oil crisis.
Posted by:Besoeker

#7  The plan seems to be: borrow money, dump it into Ukraine, see the stock market go up based on Raytheon et al, claim that the economy is doing great, and claim that inflation is under control.
Posted by: Super Hose   2024-04-29 09:33  

#6  Military Aid 'Is Not Charity to Ukraine,' U.S. Jobs Are Being Created
Posted by: Skidmark   2024-04-29 08:41  

#5  Stop spending. Golly gee whiz. Anything that wasn't a budget item in 1970, gets sequestered.
Posted by: Procopius2k   2024-04-29 07:14  

#4  Government Snake Oil. There's money to be made here, and lots of it. You didn't come to Washington for the scenic views.
Posted by: Besoeker   2024-04-29 06:45  

#3  The USA just needs to wait for the ‘INFLATION REDUCTION’ act to kick in; just like the ‘AFFORDABLE Healthcare’ act lowered healthcare costs!
Posted by: Airandee   2024-04-29 06:43  

#2  More than one hundred year addiction of borrowing to finance the MIC and forever wars ?

American Horses for the South African War, 1899–1902

"In the spring of 1902, American newspapers reported that Great Britain had established a military base in New Orleans, Louisiana, for the shipment of horses and mules from the United States to South Africa; they were to be remounts for the South African War, 1899–1902, the last fully horse-powered war in history. From the perspective of animal studies, while the horses and mules were not necessarily seen as mercenaries, they could be viewed as conscripted, foreign equine soldiers. With this in mind, when an article in an American news magazine asked in a headline, “Are the British Recruiting Americans to Fight the Boers?,” the answer had to be a resounding “Yes!”
Posted by: Besoeker   2024-04-29 06:18  

#1  I wonder what the reasons could be? Could offshoring the industry - while simultaneously vastly increasing social spending* - could have anything to do with it?

*In particular turning your higher education institutes to kindergartens for "special children", and then increasing public sector to give all the graduates (in intersectionality of the decolonization of the post-colon) white collar jobs.
Posted by: Grom the Reflective   2024-04-29 04:51  

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