Displaying items by tag: inflation

Monday, 22 November 2021 14:23

How inflation may gobble up Thanksgiving budgets

RALEIGH — As we sit down to Thanksgiving dinner, many of us will give thanks for the chance to spend time with family and friends, and for the indulgent meal. But inflation will take the first bite, making Thanksgiving 2021 the most expensive in history.

Published in Local News
Tuesday, 28 September 2021 10:23

OPINION: Inflation is killing the recovery

Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal income has plummeted, and real median wage growth is lower than inflation.

Published in Opinion
Thursday, 17 June 2021 11:45

OPINION: A tale of two recoveries

We’re about to learn a lot about economic recoveries. Back in 2009, Barack Obama, with a hefty Democratic majority in Congress, tried to pull us out of the Great Recession with a tepid relief program designed to attract Republican support. It led to a slow recovery, and when the GOP took control of the Congress and many state legislatures after the 2010 Republican wave, they instituted austerity policies to counteract Obama’s spending. Climbing out of that recession took almost all decade.

Published in Opinion