Name:   MartiniMan - Subject:   "Transitory" inflation at 9.1% Date:   7/13/2022 9:05:04 AM (updated 7/13/2022 9:27:33 AM)

The news just keeps getting worse.......and now Democrats are talking about raising taxes.  I have to admit after having lived through the 70's that I never thought we'd see inflation like that again and yet here we are.  Expect the markets to drop even more as they know the Fed will respond with additional rate hikes....which will lead to a recession if we are not already there with negative GDP growth in Q1.  Here's hoping Q2 growth isn't negative because two consecutive quarters of negative GDP are the classic definition of a recession.   Think about this....we have had negative real wages for the last 15 months (-4%)......all under Dementia Joe.

So we will have high interest rates, high inflation and a recession at the same time......the stagflation of the 70's all over again.  And Democrats won't do what is necessary to help and their only solution is their usual solution.....raise taxes.  Simply unbelievable.  I personally do not believe a tax hike will get through the Senate but who knows these days.  But no mean tweets........so we got that going for us.