Something really bad is happening in the markets
Submitted by gjohnsit on Tue, 05/03/2022 - 6:04pmI had to share this.
And if you lose one leg in a wood-chipper accident you only need half as many shoes.
I had to share this.
And if you lose one leg in a wood-chipper accident you only need half as many shoes.
Inflation is becoming the top political/economic issue in the country.
Like any issue that actually matters, there's more misinformation than anything else. Republicans want to blame poor people and Biden for the inflation.
Considering how much abuse and plunder that the ruling class has inflicted upon the working class, it's amazing that there hasn't been a widespread revolt when you think about it. Sky-high housing, rents, and energy has put the poor under a great deal of pressure, but it's rising food prices that historically are the trigger.
If you want to know who is responsible for all of the price inflation in this country, just look in the mirror...or so economists, politicians, and the media have been falsely telling us for decades.
Bloomberg had a good article about the predicament our economy now faces. Of course it's all about the what's and not about the why's (hint: blame multinational corporations and their single-minded goal of short-term profit above all else).
But the article does have a lot of good graphs.