IMO TPTB can’t seem to make up their minds, do they want to reduce inflation or increase it?
Now they want $22 hour min wage for fast food (45K/year for high school kids LOL not bad money to start).
Not sure maybe part of some plan I can’t figure it out or maybe TPTB can’t seem to stick to a theme LOL.[/quote]
TPTB (i.e. politicians and their partisan supporters, lobbyist, etc.) are basically people (i.e. “idiots”) who just want their “fair share” of the economic pie
truth is, times are not all that uncertain,…simple fact of the matter is global organized society is going to face a harsh population contraction because DEMANDS > SUPPLY (andl this fact is something people do not want to acknowledge)
FYI on the natural resources side there was a study started back in the 1970s which forecast “the limits to growth” (so I’d argue the strategic “big picture” trends were actually looked AND pretty well understood decades ago)
as far as rising interests rates, this uptick also is somewhat expected if one looks to demographics,… again this isn’t anything new because understanding what happens to a society can be roughly forecast by the demographic distribution (AND this concept is something I picked up as an undergrad)
FWIW Peter Zeihan is a geo-political analyst and he looks at the world and gives thought provoking presentations looking at issues from a demographic distribution POV
PS a $22 min wage proposed by woke politicians for essentially talentless workers shouldn’t be all that surprising given the idea they are spending other people money in order to try and buy political good will (i.e. “votes”),… what I’m trying to point out is politicians on both sides of the political spectrum spend government money in an effort to buy support from the public at large, for example TRUMP and his CARES ACT letter/checks
