world and posting them online. one woman bought a lobster are roll for $18. a hot dog bun and just one little dollop in the middle of the hot dog bun. both ends were empty. brian: disney have to fork over a lot of money to get if there. ainsley: expensive. brian: consumer confidence you don t look at that number and say honey, are we confident today? how does it feel? do we have any extra money? go on vacation? are we not driving? car pooling? going to get the new car? is it going to be okay? how are we going to pay for college to supplement what isn t. i didn t know that the high point for our consumer confidence post pandemic was june of 2021 hit 128. so it s down egg significantly. the administration other the last few days has been quick to say before you get these numbers let me tell you i know the whole thing negative growth recession not in our world. not in the world that we are in. it s like saying okay, we went
Beijing’s handling of the coronavirus has vast implications on every facet of Chinese people’s lives, on the nation’s economy, and on a world that has come to rely so heavily on China.
often an expenditure you do not have any choice about, particularly older people who need to heat their homes to a reasonable temperature. they don t have any choice, so it takes money away from other areas where they might be spending money and it slows down economic activity generally. what we have is economic growth at 0.1% and were used to call that a growth recession. that is happening at the same time as inflation we have not seen the like for 30 years. so really it is stagnation inflation, a stagnant economy and runaway inflation that the bank of england cannot do much about. the hope is that after this surge caused by the war and the reopening of the global economy post pandemic things will settle down so it will peak this year perhaps close to 9%, but will come down after that and we will all be hoping that that prediction is true. if you wanted to boost economic
rates and make it more expensive for some people to pay mortgages or make it more expensive to borrow to invest, you slow down economic activity. but that work has already been done by the bank of england by what is happening to energy bills. if your energy bill is going up by 28%, as gas bills dead, and that is before the rise in the price cap which is another 50% on top, if you have that, that is often an expenditure you do not have any choice about, particularly older people who need to heat their homes to a decent temperature, they do not have any choice and it takes money away from other areas where they might spend money and slows down economic activity generally. what we have here is economic growth of 0.1%, and we used to call that a growth recession, and that is happening at the same time as inflation we have not seen the like are for 30 years. the term is stagnation inflation and it is a stagnant economy and runaway inflation that the bank of england cannot really do much abo