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Re: jonnytrade post# 37169

Monday, 08/16/2021 8:33:58 PM

Monday, August 16, 2021 8:33:58 PM

Post# of 37920
Mish: Don't Fall For Joe Biden's Big Lie On Inflation : https://www.zerohedge.com/political/dont-fall-joe-bidens-big-lie-inflation

Excerpt:
Wage hikes are now spiraling. Still, one could make a case that these hikes would end up being transitory.

However, belief that businesses will take huge tax hikes and increase wages without passing costs on is ridiculous.

It is economically absurd to believe more expensive energy, free childcare, free paid leave, free education for two years, and higher taxes won't increase inflation and slow growth.
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