Last week, US Treasury Secretary Janet Yellen told the US Congress that “We now are entering a period of transition from one of historic recovery to one that can be marked by stable and steady growth. Making this shift is a central piece of the President’s plan to get inflation under control without sacrificing the economic gains we’ve made.”
It’s true that the US economy since the depths of the pandemic slump, (which remember in terms of national output, incomes and investment was the worst since the 1930s – even worse that the Great Recession of 2008-9) has made a recovery. But it could hardly be described as ‘historic’. And as for the claim that the US economy, the best performing of the major economies in the last year, is heading towards ‘stable and steady growth’, that is not supported by reality.
The scissors of slump
Tag: Fuel prices
Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines
Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines
Poland urged EU to impose ‘punitive sanctions’ on Russian oil
Related:
Polish motorists block petrol station in protest of high fuel prices
These [fuel] prices have already caused some unrest. In the town of Bielsko-Biała on Sunday, several drivers who pretended their cars had broken down blocked a petrol station of the partially state-owned PKN Orlen fuel company, local media reported.
Massive “failure” in Orlen. The cars blocked the entrance to the petrol station
The price of the euro is falling. The dollar is falling. The zloty is getting stronger and the fuel is going up. I don’t think it is sticky. Economically, no one can explain why – says Szymon Twardak , one of the participants of the action at the Orlen station.
The drivers have blocked the petrol station again. This time, not one
Poland Suggests Expanding EU’s Seventh Tranche Of Sanctions Against Russia
COLOMBIA: Abolish the State, Constitute the Assemblies! We are still on strike and we have proposals”
-via Trochando Sin Fronteras
Communities and organizations of the Middle East of Colombia announced that they continue on strike and that they have proposals.
Abolish the State, Constitute the Assemblies ! We are still on strike and we have proposals”
Iran: Economic Blockade and Crowd Protests Were Also How the US Made the 1953 Coup
Iran: Economic Blockade and Crowd Protests Were Also How the US Made the 1953 Coup | The Iranian
— Read on iranian.com/2019/11/18/iran-economic-blockade-and-crowd-protests-were-also-how-the-us-made-the-1953-coup/
Ms. Cat’s Chronicles 