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S.C. Wisconsin | Stagflation is not discussed very much on this site but I think this is going to be very real. stubborn inflation along with stagnant incomes. The tariff's will just feed inflation and the incomes will stagnate. I really think we are already in that mode right now. We lived through the 70's and inflation helped certain people to reduce their debt load but then incomes stagnated and products became very expensive to buy. Anytime prices rise with inflation people spend more on products and services but their income reduces their buying power leading to stagnation of the economy as peoples income only reaches so far. | |
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China matches Trumps stupid Tariff. Navarro should be shown the door.
