When thinking about Global Inflation it is also important to remember that The U.S. is not the only central bank raising interest rates – and adjustments in other countries can have severe consequences to the U.S. stock market and global trade.
Each country has their own criteria as to why inflation is high and we know in the U.S. the inflation has been self-inflicted. The U.S. needs to understand (look at all my economic data) that inflation was 1.4% when Biden took office, gasoline prices were $2.42 and no-one was complaining about “Russia, Farmers, or anyone else for that matter – causing us to have these low data points.” But, since kicking the can for the past 18 months has caught up the government, it’s ‘blame everyone’ and ‘print more money’, ‘print billions and trillions immediately’, which only makes matters worse.
The Whitehouse administration is pushing very strongly on trying to get Congress to pass more debt, while the CDC is saying they need $20 Billion for ‘the next pandemic’ as if they know something we don’t.
Global Interest Rates