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.
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…
Some of the posts we share are controversial and we do not necessarily agree with them in the whole extend. Sometimes we agree with the content or part of it but we do not agree with the narration or language. Nevertheless we find them somehow interesting, valuable and/or informative or we share them, because we strongly believe in freedom of speech, free press and journalism. We strongly encourage you to have a critical approach to all the content, do your own research and analysis to build your own opinion.
We would be glad to have your feedback.
Source: Dr Vernon Coleman - MB ChB DSc Read the original article here: https://vernoncoleman.org/