U.S. Economy Headed For Disaster
Biden must prepare for this!
The biggest hedge fund in the world is warning leaders that the United States could soon be headed for a 1970s-style “stagflation,” as the Federal Reserve is currently working overtime to control skyrocketing inflation.
According to Fox News, Bridgewater Associates co-Chief Investment Officer Bob Prince is warning that the markets have not “fully absorbed the shock” of what is going on with the economy and investors are still highly optimistic which they shouldn’t be.
Prince warned that we are currently on the cusp of stagflation.
Stagflation is what happens when a country experiences economic stagnation while also going through a period of high inflation. Stagflation hit the United States in the 1970’s and nearly destroyed the American economy and now experts believe we are headed just for that once again.
During the World Economic Forum, Prince warned, “The markets are under-discounting the inflation picture. The sustainability, the self-reinforcing of the inflation is not discounted. The degree of tightening over time is not discounted.”
