Here comes the World Bank saying exactly what I have been saying… https://finance.yahoo.com/news/world-bank-slashes-global-growth-133254463.html
@El OchoCinco shipping rates… https://fortune.com/2022/06/07/three-key-indicators-showing-inflation-is-poised-to-ease/
The idiotic fight for a green future is a big part of inflation. We are suffering from self-inflicted wounds. I like the green future. I do not like the idiotic part of it and there is a lot of rush and ideology-based idiocy there. Remember, high gas prices are a part of the green ideology. Biden did everything possible to increase these prices. The only way to deal with it is to get the green lobby out of Congress and eventually Biden out of the office. November is coming!
The Atlanta Federal Reserve’s GDPNow tracker is now pointing to an annualized gain of just 0.9% for the second quarter, down from an estimated 1.3% increase less than a week ago. With first-quarter growth down 1.5%, a second consecutive quarter of negative growth meets a rule-of-thumb definition for recession.
https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html Inflation rose 8.6% in May, highest since 1981