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Mark this day as the start of a recession. Let’s hope it’s only a year. Powell is trying

Author: PBHangingChad (15790 Posts - Original UHND Member)
Posted at 9:32 am on Jun 16, 2022
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to crush demand so that manufacturing and supply change issues will catch up to demand. Kiss full employment, housing, hotels, cars, and retail goodbye. Buy oil and cyclical goods like food, P&G, Clorox, etc as the risers over the next year.

This message has been edited 1 time(s).

Replies to: "Mark this day as the start of a recession. Let’s hope it’s only a year. Powell is trying"

  • Mark this day as the start of a recession. Let’s hope it’s only a year. Powell is trying - PBHangingChad - 9:32am 6/16/22 (6) [View All]
    • To paraphrse Obama... the 70's are calling and they want Jimmy Carter's economy back. [NT] - Curly1918 - 10:30am 6/16/22
    • We have to lose at least 2-3 mil jobs in order to tame this monster inflation. The debate is over: - Eli - 10:04am 6/16/22
      • At least people won't have to pack up their items and go home... - TakethetrainKnute - 10:19am 6/16/22
        • Still a huge impact. We created false sense of becoming rich/middle class for many. It's a bubble. [NT] - Eli - 10:44am 6/16/22
    • staples can't keep up with inflation, and consumers are trading down to private labels and smaller - WestCoastIrishFan - 9:39am 6/16/22
      • This is a systemic inflation, not just limited to oil, foods, some individual items. [NT] - Eli - 10:08am 6/16/22
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