Alternative Visions - Is Inflation Really Slowing?
Alternative Visions - Un podcast de Progressive Radio Network - Les lundis
Catégories:
Dr. Rasmus takes a deep look at last week’s latest Consumer Price Index (CPI) and Producer Price Index (PPI) inflation reports. A detailed summary of his view of the various supply forces causing inflation and demand forces. Why inflation remains mostly supply side driven, not demand driven, and why the Fed won’t slow inflation much further despite continuing interest rate hikes in 2023. Supply forces include: global supply chain issues, war and sanctions, global commodity price speculators, widespread price gouging by monopolistic corps in the US, and in general record falling productivity (and rising unit labor costs) for US businesses being passed on to consumers. Dr. Rasmus reviews the US ‘productivity crisis’ driving unit labor costs in particular. The show concludes with recap of statistics on US GDP slowdown after $8T in fiscal monetary stimulus and the causes of US deficits and national debt now at $31T and projected to rise another $12T by end of decade. (NEXT WEEK: the show will be dedicated to reviewing the war in Ukraine and revisiting Dr. Rasmus’s January 2022 article, ‘Ten Reasons Why the US May Want Russia to Invade Ukraine’.
