Economist: Inflation May Reach 9%

We are still not out of peak inflation – that is according to economist Mohamed El-Erian.

He predicted that inflation could reach 9%.

From Fox News:

Most of the current record high inflation could have been avoided had the Federal Reserve acted earlier and shown humility after it wrongly described inflation as “transitory,” economist Mohamed El-Erian said Sunday.

El-Erian fears that in this current period of “stagflation” – low growth, high inflation – inflation may reach 9%. He called it the darkest picture of what could lead to a recession.

Zero Hedge is also predicting terrible news for the future of the US economy.

Zero Hedge: Tsunami Of Mass Layoff Announcements Coming – Negative Payrolls By August

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