Harbingers of Stagflation

The recent employment report was expected to show around a million new jobs. Only around a quarter of a million were created. The Consumer Price Index for April rose 4.2 %, even greater than the expected 3.6 % inflation.

And in other news, the Xiden administration wants to dump multiple trillions of deficit spending into the economy.

Carter’s second term is beginning to look like the best case scenario.

I wonder how badly the values of my 401k and IRA will be hit.

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