Attention Economy


Friday, March 11, 2022

The 2022 Inflation Shock

Oil price shock jolts global recovery as economic impact of Russia’s invasion spreads
https://www.washingtonpost.com/business/2022/03/11/oil-price-global-recovery-russia-ukraine/
Prices climbed 7.9% in February compared with last year, with war in Ukraine likely to push inflation even higher
https://www.washingtonpost.com/business/2022/03/10/february-inflation-cpi-russia/


Democrats are in denial about inflation

Powell’s Fed Is Set to Attempt a Rare Soft Landing—in the Fog of War, No Less
https://www.bloomberg.com/news/articles/2022-03-09/jerome-powell-s-tall-order-to-softly-land-the-economy 


My Take: Does the spike in oil prices presage an economic downturn?