Tag

Stimulus Spending

All articles tagged with #stimulus spending

economics1 year ago

"Biden's Impact: The Surge in Prices for Essential Goods and Services"

Since President Joe Biden took office, overall prices have risen nearly 19%, with inflation reaching 3.5% for the year ending in March, according to the Bureau of Labor Statistics. The surge in prices has affected essential goods and services, including electricity, gas, household goods, food staples, pet food, and rent. Republicans blame Biden and Democrats for the inflation, citing the $1.9 trillion pandemic spending bill, while Democrats point to supply chain issues and the impact of COVID-19. The situation poses a challenge for Biden's reelection campaign as recent inflation reports have come in higher than expected, affecting his economic approval ratings.

economy2 years ago

2024: Brace for the Biggest Stock Market Crash

Economist Harry Dent predicts that 2024 will bring the "biggest crash of our lifetime" due to overvalued markets and excessive stimulus spending. Dent warns that the current market bubble, which started in late 2021, will burst next year, resulting in significant declines in stocks, real estate, and cryptocurrencies. He advises investors to get out of the way and save themselves from massive losses. Dent criticizes the year-end market rally and urges Americans to prepare for a deep depression and deflation, which will widen the wealth gap. He believes the impact of the "everything" bubble will last for 12 to 14 years, with the millennial boom following thereafter.