Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
The political unrest is rising. In Pennsylvania, nearly 60,000 people have changed their political party in order to vote for Trump in the primary. There is clearly a growing dissatisfaction with those in power. One would have thought Hillary was a shoe-in for a coronation, but the rising dissatisfaction with government has made Bernie Sanders a strong second place candidate. Philadelphia, famous for its murals, displays a mural for Bernie Sanders — not Hillary.
We will see this trend continue into the 2018 Congressional elections. We will also see the anti-immigration trend rise in the U.S. since, historically, that trend moves in tandem with economic declines.