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Hard to say we're seeing stagflation with current job numbers. It might happen, especially with the Fed being willing to increase rates, but it's not evident th
by elicash 4y ago
Hard to say we're seeing stagflation with current job numbers. It might happen, especially with the Fed being willing to increase rates, but it's not evident that's where we're at right now.
- fuoqi 4y agoRemember that companies are really reluctant to part with already hired personnel. And that when recession-induced layoffs start they often look like an avalanche. We already can see the first trickles with the tech companies and it takes 9-12 months for rate changes to influence the economy fully.
- elicash 4y agoAgreed, but it's also possible that tech sees greater cuts than elsewhere.
- phkahler 4y ago>> Hard to say we're seeing stagflation with current job numbers. I thought the "stag" part was stagnant GDP and we are even in a recession. The inflation part is there of course. Even if it's not stagflation, the inflation part is due to dumping trillions into the economy and super low interest rates. I expect there to be a lot of pain when it actually corrects, but since there is also a trade war and companies are bringing production back to the US, we might see low unemployment for some time. I dunno, it's weird.