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 [...]
There is a rumor going around that the extreme violent protests in Hamburg, which resembled a Civil War, were allegedly funded by Soros. It is just a rumor with no proof as of yet. It may in fact be true that his organization funded in part these protests, but did not direct them to be violent.
On Saturday, more than 70,000 came out to protest to demonstrate that they could be peaceful after the carnage of two days before. Clearly, there is rising discontent targeting capitalism and supporting a totalitarian state. This in itself is very distressful.