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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 (15339 Posts - Original UHND Member)
Posted at 9:32 am on Jun 16, 2022
View All

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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