11% Inflation is About to Cause MASS Layoffs
The Heresy Financial Podcast - A podcast by Joseph Brown
Wholesale inflation rose at 11% YoY in April. This is a leading indicator for CPI which indicates the inflation rate is still sticky. Meanwhile, prices are causing demand from consumers to dry up as well as appetite for hiring to dry up - leading to layoffs coming. Not a good sign for policy makers as they will eventually have to choose between the economy and the dollar.