We're Going To Have An Inflation-Push Economic Crash VERY SOON....
2016 Nov 9, 12:32pm 2,114 views 4 comments
by 8e6e0 follow (0)
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NDrLoR
@
2016 Nov 9, 3:44pm
It will be like 1979 to 1983, but worse.
No, we won't have 135 HP Olds 98s and 125 HP Cadillacs. Actually by 1983 inflation was calming, but was still double digit in 1980-81:
1979 9.3 9.9 10.1 10.5 10.9 10.9 11.3 11.8 12.2 12.1 12.6 13.3 11.3
1980 13.9 14.2 14.8 14.7 14.4 14.4 13.1 12.9 12.6 12.8 12.6 12.5 13.5
1981 11.8 11.4 10.5 10.0 9.8 9.6 10.8 10.8 11.0 10.1 9.6 8.9 10.3
1982 8.4 7.6 6.8 6.5 6.7 7.1 6.4 5.9 5.0 5.1 4.6 3.8 6.2
1983 3.7 3.5 3.6 3.9 3.5 2.6 2.5 2.6 2.9 2.9 3.3 3.8 3.2
Gary Anderson
@
2016 Nov 9, 9:09pm
So 8e, I need to know what you are saying will cause cost push inflation? Are you saying Trump is weakening the dollar and therefore goods will cost more, leading to deflation?
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....and it would've happened regardless as to who was elected.
It will be like 1979 to 1983, but worse.
Cheers!
p.s. Massive deflation will follow the inflation-caused economic crisis, when a ball-breaker like Volker is brought in to break inflation's spine.
#InflationaryRedux