because people have given up and left the workforce. when you look at the current numbers you are talking about 4 million people having dropped out of the workforce. that s a combination of those people saying well, i was getting government checks last year after the covid relief package. i may be getting more government checks. i would rather have a couple of gigs to go to and not go back to the job i was. people are reassessing what they want to do and then there is the issue of inflation. inflation is a major issue. everything is costing us more. gasoline one of the most important issues there up 60% year-over-year and that has everything to do with bad policy. you have not just the federal reserve coming off this easy money environment but the federal government. continuing the try to push through this build back agenda with more money chasing too few goods. that s pretty much the encapsulation of what s going on in markets this morning. bill: you mentioned inflation. stocks sell
chairman of the white house council of economic advisers or under president trump. kevin, welcome. so you, sir, predicted this. you said it would happen when a lot of other people said is it wouldn t with, and you also predicted that prices might go into double-digit increases on an annual basis. is that where we re headed here after you ve seen the reports? yeah. you know, we re already there because if you look at the trajectory of the recent months, the numbers that you re citing are year-over-year, and so for the first half of the year is kind of week, then as the second half of the year accelerates, it might not be so visible. i think right now we are about a 10% inflation rate, and that s a real challenge for the fed because that that s way, way above where they want it to be. and i know you want to talk about what the fed s going to do, they ve got to get the interest rate up around the inflation rate to get ahead of the curve. if you could borrow money at 2% and the price of
/PRNewswire/ Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2022. "After a slow start to the.
/PRNewswire/ Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2022. "After a slow start to the.