Everyone forgets the 18 month depression of 1920 arriving shortly after the Spanish Flu. Mass unemployment following the war similar to AI unemployment.
A period of record inflation followed by the Fed raising interest rates sharply over a shorter period, just like today. t.co/W1xfe4U3Go
— Financelot (@FinanceLancelot) September 23, 2024
When CPI returns to trend it's going to make 2008 look like child's play.
1929 is the only comparable scenario. t.co/l0HskWyqnm pic.twitter.com/ogJgVAmuGk
— Financelot (@FinanceLancelot) September 23, 2024
See also New York City offers $4,000 to 150 migrant families to help move from overcrowded shelters.
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