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Stagflation...in the US

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john_1
Super Contributor
I see we have a Q1 quater were growth slowed more than expected and prices have risen more than expected....Who remembers the 70's the age of formica and plastic and serriously hard pychodelic drugs...and stagflation.
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5 REPLIES 5
YNWA
Super Contributor
....fharting whilst staging???....missed that stagfaltin' bit my china... Psycho Deliah lead me down a herb path with lovely red red shrooms with white dots 'n Jimi Hendrix was the doorman....Adios.
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john_1
Super Contributor
How did I know the pychodelics would bring you out of the mist...peace on you brother.
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SimonPB
Valued Contributor
the part that is missing is high inflation .. an the US consumer is simple not spending (oddly they are actually saving an paying off debt), so for now inflation in the US not a threat ..
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john_1
Super Contributor
GDP -6% ....PPI at 2.8% up from 0.5% for the first quater
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SimonPB
Valued Contributor
ya, an PPI is a leading indicator of CPI .. but only if people are buying ??
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