An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Pages
▼
Pages
▼
Wednesday, April 13, 2022
Navarro on the March CPI
Big "inflation!" number yesterday....
Long story short here: the BIG recession is going to really start when the Fed starts the QT….
navarro dosnt mention that its the trump import taxes the hurt consumers i think 28% of the manure comes from ukraine.So something that started in 2014 that continues today combined with wages not going up with the cost of living with the import taxes that helped along with the pandemic costs the cpi to go up yty if interest rates stayed at 0 and the rest didnt happen the economy might all good and both parts did this
navarro dosnt mention that its the trump import taxes the hurt consumers i think 28% of the manure comes from ukraine.So something that started in 2014 that continues today combined with
ReplyDeletewages not going up with the cost of living with the import taxes that helped along with the pandemic costs the cpi to go up yty if interest rates stayed at 0 and the rest didnt happen the economy might all good and both parts did this