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WATCH: #BNNNewsroom Reports
Christine Lagarde (@Lagarde):
'There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level.’
"I would be "surprised" if inflation had already peaked." pic.twitter.com/P8paLgRFUa
— Gurbaksh Singh Chahal (@gchahal) November 29, 2022
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"Eurozone inflation is running at record high and hasn't yet peaked, ECB President Lagarde said, signalling further interest rate hikes to come"Lagarde earlier this year:
"We see inflation as a hump which eventually declines. Inflation will decline over the course of 2022"
. https://t.co/7FRFU9hUNo pic.twitter.com/2tkd02kvHL— ℹ️ƚ'ᔕ 卄Λ🅱️🅱️ΞͶℹ️ͶⒼ (@Habbening_it_is) November 29, 2022
This ride is just getting started, goyim.
RT:
Inflation in the euro area has not peaked and is likely to surge even higher than currently expected, European Central Bank (ECB) President Christine Lagarde warned on Monday.
According to Lagarde, it’s hard to tell whether inflation, which hit a record 10.6% in annual terms last month, would come down soon in the bloc of 19 countries that use the euro currency.
“I would like to see inflation having peaked in October, but I’m afraid that I would not go as far as that,” she told EU lawmakers in Brussels. “There is too much uncertainty, particularly in one component, that is the pass-through in high energy costs at wholesale level into retail level, to assume that inflation has actually reached its peak. It would surprise me.”
Lagarde added that ECB economists still saw clear “upside” risks, meaning that inflation readings could come in higher than projected.
Frankly, the plan to stop the inflation is worse than the inflation.
This is not the 1980s, and these normal methods of raising interest rates are not going to do anything but make it all much worse.
Trend is concerning. Fed needs to cut interest rates immediately. They are massively amplifying the probability of a severe recession.
— Elon Musk (@elonmusk) November 30, 2022
Everyone who knows anything about anything knows this. Inflation is a manageable problem. It can in fact be managed indefinitely as long as wages keep going up. It’s dumb they created the inflation, but simply trying to shut down the money printer and then letting inflation develop would be much better than messing with the rates.
They are clearly doing this on purpose.
At this point, watching Bloomberg talk about the economy is like watching people talk about the coronavirus in 2020. It’s just surreal.
Remember being told how the financial crisis of 2008 would never have happened had women been in charge of finance? I do.
So, how do we explain all this inflation in Europe with Christine Lagarde in charge of the European Central Bank?
Anyone? 😉 pic.twitter.com/iM3O1PkW9e— thebritisher (@thebritishertwi) November 28, 2022
