Inflation and Recession-What is the solution?
Wages falling for many.
Gas at $4.00+ per gallon. Dow raising the price of products 20% on Monday.
Debt at record levels. Market pricing in interest rate increases.
Many industries slowing production and laying off hundreds of thousands of workers.
Foreclosures and Commercial RE defaults rising to record levels.
Soros says this is worst recession in our lifetime.
Head of FDIC worried about bank failures.
Stagant/falling wages with skyrocketing inflation coupled with a sharply slowing economy....how do we fix this one?