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Cake day: May 8th, 2024

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  • You know chit don’t seem right when your groceries alone, not even including fast food / restaurant dining, is about the same if not more than your mortgage payment.

    Now that AI tech is going full swing in implementation across multiple industries in the U.S., prepare for stagflation.

    Historically, stagflation occurs when high unemployment, slow economic growth and high inflation all happen at the same time. Powell compared today’s economy, with both inflation rates and the unemployment rate below 4%, to that of the 1970s, the decade when most economists consider stagflation to have taken root. May 1, 2024