Article

2021-06-10 Economy

Deutsche Bank Issues a Terrifying Warning for America Under Biden

[PJMEDIA] On Monday, Deutsche Bank released a report that further confirms a portent of doom for the U.S. economy and Democrats led by President Joe The Big Guy Biden
Joe <q>The Big Guy</q> Biden

...46th president of the U.S. I'm not working for you. Don't be such a horse's ass....
. While many economists and policymakers claim that the recent uptick in inflation is temporary, Deutsche Bank warned that Biden’s profligate spending, the Federal Reserve’s low interest rates, and global economic trends threaten to unleash persistent inflation, which amounts to an insidious tax on the poor and middle class that benefits the government.

"Few still remember how our societies and economies were threatened by high inflation 50 years ago," David Folkerts-Landau, Deutsche Bank chief economist and head of research, wrote in a paper co-written by his colleagues Jim Reid and Peter Hooper. " The most basic laws of economics, the ones that have stood the test of time over a millennium, have not been suspended. An explosive growth in debt financed largely by central banks is likely to lead to higher inflation."

"We worry that the painful lessons of an inflationary past are being ignored by central bankers, either because they really believe that this time is different, or they have bought into a new paradigm that low interest rates are here to stay, or they are protecting their institutions by not trying to hold back a political steam roller," Folkerts-Landau added. "Whatever the reason, we expect inflationary pressures to re-emerge as the Fed continues with its policy of patience and its stated belief that current pressures are largely transitory."

Posted by Fred 2021-06-10 00:29|| || Front Page|| [11136 views ] Top

#1

To a Democrat Physical Spending only stops when the INK and Paper costs more than a dollar is worth.

Then they'll likely push for a PAPERLESS Economy using the Earth 1st BS of saving the trees & climate change.

Some now think the goal is to move to ATM transactions type cards.

But with the Anti-Oil agenda, I banking on embedded chips or a rapid BIO ID authentication process.

Posted by NN2N1 2021-06-10 08:16|| 2021-06-10 08:16|| Front Page Top

#2 May CPI released this morning shows 0.6% month over month (7.2% annualized) and a 5.0% year over year.

It's beginning to feel a lot like 1972.

Now, where is my WIN button? I know I kept it for a reason.

Posted by Tom 2021-06-10 14:16|| 2021-06-10 14:16|| Front Page Top

#3 ... by design.

Posted by CrazyFool 2021-06-10 14:38|| 2021-06-10 14:38|| Front Page Top

#4 Something, something, America is horrible and rude under Trump.

Posted by swksvolFF 2021-06-10 15:37|| 2021-06-10 15:37|| Front Page Top

#5 The idiots don't grasp that about the only thing holding this together is the dollar. Sink that and its every state/region for themselves.

Posted by Procopius2k 2021-06-10 20:52|| 2021-06-10 20:52|| Front Page Top

#6 Misery Index

Posted by Gomez Black3559 2021-06-10 22:28|| 2021-06-10 22:28|| Front Page Top

07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
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07:09 Besoeker
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06:58 NN2N1
06:58 Besoeker
05:28 Whiskey Mike
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03:23 Besoeker
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02:04 Grom the Affective
01:26 49 Pan
00:22 EMS Artifact
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