The upcoming Rise of Brics Nations by: Lyn Alden
Brics top Central Banks just sold this entire Be prepared for next Economy Collapse 20232. Another argument for a shorter time lag comes from the global economy, in which most countries are tightening simultaneously. One indicator that covers 54 countries shows that almost all are tightening monetary policy. As the world has become more interconnected, simultaneous changes in policy have greater and quicker impacts.
On the other side of possibilities, the greatest argument for a slower response of the economy to monetary tightening is consumers’ high bank balances. In the pandemic, spending fell due to lockdowns, but incomes rose. Stimulus checks went to most families, working people got pay raises, and those laid off received extra unemployment insurance that, in many cases, more than compensated for lost wages. Savings in excess of the normal trend zoomed for a year, then started declining as people slowly spent more money relative to their earnings. By my estimate, the accumulated excess savings now totals $1.5 trillion, an amount that is declining by about $90 billion per month. At that rate, consumers’ bank balances will return to normal in 16 months.
Another good reason to expect a long time lag before monetary policy triggers a recession is the excess demand for labor relative to the number of unemployed people. As companies re-think their hiring plans, their first step will be to cut open positions, not lay off working people. The response will vary by company and industry, of course.S. Government Assest, to trigger a Meltdown.
-
2:25:28
ThatStarWarsGirl
11 hours agoTSWG LIVE: The Assolyte BREAKS Star Wars | HOTD went Gay |YT Is After My LIVE Channel!
26.5K8 -
7:32
JoBlo Originals
18 hours agoChuck Norris V.S Russia - Invasion USA
19.8K12 -
15:30
DEADBUGsays
16 hours agoThe Collector, Robert Berdella | Forsaken#4
29K4 -
14:21
Adam Does Movies
13 hours agoTwisters Is The SAME Movie As Twister! - Spoilers!
25.3K4 -
1:10:48
TheMonicaCrowleyPodcast
18 hours agoThe Monica Crowley Podcast: A Deep State Drama
30.7K18 -
7:27
The Gun Collective
9 hours agoThe Next-Gen is HERE - TGC News!
22.7K9 -
16:30
GameLeap RAID Shadow Legends
6 hours agoHow to Farm EVERY LEGENDARY SKILL TOME (12+ Books Per Month!) Raid Shadow Legends Guide
27.3K3 -
2:49:34
Price of Reason
16 hours agoTwisters DEFIES Mainstream Media Narrative! Ubisoft APOLOGIZES to Japan for Pushing Propaganda!
44.5K4 -
1:27:43
Kim Iversen
15 hours agoKamala BEATS Trump In Latest Fake News Poll | Protests Erupt As Netanyahu Arrives In DC With Hostages
115K359 -
2:34:19
Laura Loomer
13 hours agoEP61: Deep State Coup Installs Kamala Harris as Dem Nominee After Their Failed Assassination of Donald Trump
115K166