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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="orientalnc" data-source="post: 806320" data-attributes="member: 1199"><p>The Fed surely believes this growth rate and inflation is very temporary. The buzz I am getting from formal colleagues is that the staff economists at the Fed believe there are serious fundamental weaknesses in the economy right now that will bring us back to reality. One is that the rent moratorium is ending June 30 and consumer debt is already sky high. And the student loan moratorium is ending in September, as will the federal unemployment benefits. These things have been propping up the economy this year. They think 2022 could see this all come to a screeching halt. It is important to remember that we are a consumer based economy.</p></blockquote><p></p>
[QUOTE="orientalnc, post: 806320, member: 1199"] The Fed surely believes this growth rate and inflation is very temporary. The buzz I am getting from formal colleagues is that the staff economists at the Fed believe there are serious fundamental weaknesses in the economy right now that will bring us back to reality. One is that the rent moratorium is ending June 30 and consumer debt is already sky high. And the student loan moratorium is ending in September, as will the federal unemployment benefits. These things have been propping up the economy this year. They think 2022 could see this all come to a screeching halt. It is important to remember that we are a consumer based economy. [/QUOTE]
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General Investing and Economics Discussion - No Politics
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