My dear impertinents, dear impertinents,
Inflation = recession.
After we lived through a period when everyone pretended to believe that inflation would only be weak and temporary before having to admit that it was strong and permanent.
Everyone now pretends to believe that this inflation will not pose a problem for growth and that we are not in danger of experiencing another recession.
In this video I share with you some reflections on this idea that the inflation we know and suffer from will inevitably lead us to a very big recession.
This recession will certainly be bigger than that of 2008 after the subprime crisis.
But probably less severe than the ones we just experienced in 2020 with the general restrictions from March this year.
This recession is expected to hit in 2023.
Of course, it could be much quicker and much more serious if, for example, this story of monkeypox led to states taking travel and movement restriction measures.
According to the latest rumours, Sweden would be the first country to consider her.
Expect this topic to gain momentum in the coming days.
It’s already too late, but all is not lost.
Prepare yourself!
Karl SANNAT
“Insolentiae” means “impudence” in Latin.
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