Friday, April 29, 2022

I was listening to Diane Swonk, Chief Economist from Grant Thornton on PBS Newshour yesterday:

She comes on PBS NEWS HOUR at about 22 minutes into the April 28th 2022 Broadcast:

She was saying how the Fed is trying for a "Goldilocks" solution. However, Goldilocks is a fairy tale and we are living in reality.

If you know the Goldilocks story the bears porridge is either too hot or too cold and finally she finds the porridge that is just right in Temperature.

The Fed is in this position too now of trying to "get a lid on inflation" which is the worst since the early 1980s when it was around 10% then.

So, she was saying that there are all these factors of how fast the market has heated up from home buying and buying literally everything now that Omicron has slowed somewhat here in the U.S. (even though people are literally dying like flies now in China because of Zero immunity.

For better or worse 60% of Americans have now had Covid of one variant or another and over 1 million Americans have now died of it which is over twice the soldiers we lost in World war II:

begin quote from:

https://www.google.com/search?q=how+many+soldiers+died+in+world+war+ii&rlz=1C5CHFA_enUS750US750&oq=how+many+soldiers+died+in+world+war+II&aqs=chrome.0.0i512l4j0i22i30l6.6689j0j7&sourceid=chrome&ie=UTF-8

How many US soldiers were killed in World war 2?
405,399
Overview
War or conflictDateTotal U.S. deaths
Total
World War II1939–1945405,399
Greek Civil War1944–19496
Chinese Civil War1945–1950164

 

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