Politicians, central bankers and financial commentators all think that the inflation risk is over and there will be no recession.
Well, they are all wrong.
Here’s why.
All over the world workers want big wage settlements because of inflation. In the UK, for example, the BMA wants a 35% pay rise for junior doctors and there is talk of strikes and industrial action by GPs and senior consultants who also want massive pay rises.
If workers (particularly those who are state employees) are given big pay rises then inflation will soar. If inflation goes up, up and…
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Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/