Welcome back to 1970s (stagflation) . . . World Bank projects US GDP to grow only 0.5% in 2023

[Ben_Natuf]

Get ready for stag-flation

this does not bode well. in the near future oil futures will begin ticking up, the price of gas, and especially diesel and home heating oil will skyrocket driving the economy into a major recession. there is no economic recipe for growth without plentiful oil. the dead of winter this coming winter season is going to suck with likely double digit inflation and a shrinking economy

late to the party?