I can't see a scenario where we don't have stagflation. Anyone familiar with the modified Phillip's curve knows the wage setting will directly affect unemployment. So, wage hikes will drive up input prices and unemployment. Manufacturing will start to offshore again due to the increase in corporate taxes also leading to losses of jobs. Just basic economics. Everything will benefit China since Joe is a China plant.
The faster this happens the better. The economy will tank and inflation will go through the roof. I give it 18 months.
I can't see a scenario where we don't have stagflation. Anyone familiar with the modified Phillip's curve knows the wage setting will directly affect unemployment. So, wage hikes will drive up input prices and unemployment. Manufacturing will start to offshore again due to the increase in corporate taxes also leading to losses of jobs. Just basic economics. Everything will benefit China since Joe is a China plant.
Make sure you have your money in hard assets. That way you can get through the hats times.
I gave a lot of money to some hard asses. They're earning it back plus some.