Joe Biden’s economy is in trouble, and Trish Regan is explaining why on her podcast.
“Americans, investors everywhere are waking up to the reality that you can’t have this sort of fictitious growth in the stock market, that’s not based on relevant growth within the rest of the economy,” Trish Regan said on her podcast.
“And as we increasingly look at a stagflation-like environment (and that’s what we’re looking at right now) there are questions as to whether or not earnings will continue coming in with with with positive, with positive growth. And, you know, we’ll see how this plays out. There’s been some big misses, right? You’ve got Goldman Sachs, which missed last week. You’ve got Netflix…it’s not growing as quickly as people had anticipated. All of this affects sentiment.”
Inflation has risen at record levels in the last year, leaving Americans increasingly worried about the economy.
“Clearly, there’s some jitters out there and there’s some jitters because you can’t have such an inflationary environment without any growth,” Trish Regan said. “And that’s the real fear right now. You got last week’s jobless claims, which showed an uptick. You’ve got so many supply chain problems that are a continuation of this whole COVID nightmare. And that’s not going to change anytime soon. I mean, it’s not like it’s not like you can flip a switch and say, ‘OK, the supply chains are back’ when you still have ships on the West Coast that are struggling to to offload. You need for truckers to then take all of those products and get them out to Americans. I don’t know about you, but every time I go to the grocery store, it’s like you can’t get what you need cream cheese for the bagels. Forget about it. I haven’t seen in about a month… I mean, this is crazy to me. It’s like we’re in some kind of Soviet Union type environment where you don’t have the food on the grocery store shelves! … So these supply chain problems are real. They’re pronounced and they’re not getting any better.”
Want to hear the rest?
Check out Trish Regan’s podcast HERE.