Breaking Points with Krystal and Saagar 7/5/22: Recession Arriving, Highland Park, 2024 Speculation, Ukraine Update, Press Sec Stumbles, Buttigieg's Inaction, Inflation, & More!
Jul 5, 2022
Nico Luciani, Director of Corporate Power at the Roosevelt Institute, delves into the intricacies of economic policy and corporate influence. He discusses the looming recession and its impact on everyday Americans, highlighting inflation and rising living costs. The conversation shifts to the political ramifications of recent tragedies, including the Highland Park shooting, and the upcoming 2024 election dynamics. Luciani also critiques corporate markups and explores strategies for improving accountability in the corporate sector, advocating for robust antitrust measures.
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Potential Recession
- The U.S. economy might already be in a recession, according to the Atlanta Fed's GDP tracker.
- High inflation, impacting consumer spending, is a major factor.
Cost of Living Crisis
- High cost of living impacts Americans regardless of recession technicalities.
- Wages are not keeping up with inflation, and supply chain issues persist.
Wall Street's Impact on Inflation
- Commodity prices are influenced by Wall Street speculation, not just supply and demand.
- This speculation adds complexity to inflation predictions.