Article

2022-07-19 Economy

Goldman CEO David Solomon says inflation is ‘deeply entrenched' in the global economy

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Posted by DarthVader 2022-07-19 09:52|| || Front Page|| [2 views ] Top

#1 Blinding flash of the obvious... Global energy drives the world economy, slow production or restrict future product causes a giant economic impact across every commodity. We, the US, is one of the largest providers of energy, with it cut or restricted the markets respond. oil prices tie to every commodity and service. The rise in energy was such a spike it drove this recession. Getting out of it is easy, but he is right, it will take a year or two to recover.

Posted by 49 Pan 2022-07-19 10:40|| 2022-07-19 10:40|| Front Page Top

#2 Persistent inflation in the global economy? Even if your government didn't blow trillions on 'pandemic relief' and 'building back better'?

Posted by Bobby 2022-07-19 10:42|| 2022-07-19 10:42|| Front Page Top

#3 You can't ignore the laws of economics forever.

With central banks everywhere throwing money into their economies like it was going out of style, what did the think was going to happen (though "think" might be the wrong verb here)?

Posted by Tom 2022-07-19 12:55|| 2022-07-19 12:55|| Front Page Top

#4 I like the way they always blame covid and Putin, never taking any responsibility for their own sins.

Posted by Abu Uluque 2022-07-19 13:32|| 2022-07-19 13:32|| Front Page Top

#5 Gas prices up, Putin's fault. Gas prices down, feather in Joe's cap.

COVID up, it's not because the vaxx doesn't work. COVID down, it's because the vaxx works.

Got it?

Posted by M. Murcek 2022-07-19 13:34|| 2022-07-19 13:34|| Front Page Top

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