Quote from: philipma1957 on Today at 12:31:11 PM

Quote from: xhomerx10 on Today at 12:26:18 PM

Quote from: heslo on Today at 09:14:24 AM

https://www.theguardian.com/business/2023/mar/22/uk-inflation-rate-rises-price-rises-interest-rates

Ooooof, lucky it's just transitory

Well now we know who didn't watch the video linked a couple of posts back - "Legarde was pranked by a fake Zelensky"

Legarde: ...so the inflation that we had hoped would be transitory has continued much longer than thought and at a much higher level than expected...

It's worth listening to the clip as fake Zelensky gets a lot of interesting information out of her.

Are the 70's coming back Who remembers this term "Stag-flation"

google search result below

"The stagflation of the 1970s, a combination of slow growth and rapidly rising prices, challenged prior assumptions, leading economists to examine the causes and policies that would end the stagnant period."

Oh I remember that and I relished it! I went to the bank with CA$100 CAD to change to USD for a trip and they gave me US$105 for it. The US always had a much greater variety of goods for purchase than Canada and you had those "all you can eat" buffets too; even as a middle class Canuck, I felt like a rich kid going on vacation.