Regardless of whether the White House says publicly that a recession is probable, many fear that the U.S. economy cannot maintain stability. A highly anticipated economic report, including the second quarter GDP numbers, will release this week that may display data pointing to a recession, despite near-record low unemployment.
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At least one expert predicts a recession, as we previously reported. The economy is about ready to just implode. The Markets are flailing, and we’re *this close” to the massive layoffs happening. How truly bad are things? Well, a new report shows that producer prices spiked 10.8% from last year, remaining close to the highest levels on record.
What does that mean to you? Well, CNBC said that Bidenflation is nowhere close to getting under control. In fact, as CNBC’s Steve Liesman said that today’s report shows we still have “a big” inflation problem up the pipeline. It’s going to get a lot worse.
And a fact made more concerning after consumer price hikes recently showed inflation is speeding up. It’s part of what makes the Biden White House’s response to inflation so completely delusional–it would be laughable if it was not so sad, scary, and dangerous.
They actually think his policies have put this country in a position to fight inflation (Economists don’t agree). INSANITY.
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