axios s neil irwin and said they think it is a one-off, that this is temporary because that is when omicron cases were peaking. they think that it will bounce back and they point out that it is running contrary to a lot of other economic trends that are out there. all of the other economic trends they point to they say will be an anomaly but a huge headline. white house aides blowing up the phones in recent days saying, hey, look, this friday might be bad, but these overall trends are good. we ll watch for it as the weeks go on. mike, a bevy of athletes are currently in beijing preparing for the olympic which opened friday on nbc, family of networks. what are they saying about the experience so far? well, jonathan, this is the tightest restrictions around a sporting event ever according to people who follow global sports. listen to this, jonathan. what we used to call the bubble,
himself into this place where he can t undo the direction inflation is going in. he can try to make certain policy moves to try to minimize that effect and try to explain as he has to some extent we re going to have to take on some pain here because of everything going on in the world. we want to do what we want to do. but if that s not already working with his own party, the more moderate wing of his own party, it s going to be a difficult message to get the whole party to accept. the white house is trying to blame this on putin as much as possible. the rollout his remarks the other day in announcing the oil embargo not just calling it putin s war but putin s price hikes here at home, you re going to be hear more of that. you ll hear as much of that as the market can bear, if i can mix metaphors for a second. look, part of it, sure, part of it is biden trying to transfer blame or make putin, he s an easy villain. part of it i think is laying the groundwork, trying to set america
great economics writer at axios, has said now it looks much more likely that inflation could hit double digits and there could potentially need to be discussion of a recession to break the inflationary streak. this is not just going to be oil in terms of the impact of russia, it s going to be metals too and that s going to have an impact on cars and a whole bunch of other stuff across the chain. so it s not only convenient for biden to try to talk about putin, he has to. yeah. take a listen to senator john thune today. we ve been trying to get the administration s attention on this issue for a long time without any success. their obsession with electric vehicles eclipses everything else, including solutions that not only would help midwestern farmers, lower costs for consumers, but also reduce emissions. do you agree that the biden administration is talking too much about green energy
“We are very probably looking at a global recession, with no end in sight.” That was New York Times columnist Paul Krugman, making a prediction on Election Night in 2016 about what we could expect under President Trump. Month after month, however, Mr. Krugman’s crystal ball has proven untrustworthy. But surely vindication would come sooner or later, right? After all, Mr. Krugman’s not just any columnist. He’s a Distinguished Professor at the City University of New York Graduate Center. He won the 2008 Nobel Memorial Prize in Economic Sciences.
2) Hospital admissions in UK for COVID have soared 21% compared to last week. These are 7 day averages so they aren’t just random flukes. https://t.co/O3gZLdsVRp Eric Feigl-Ding (@DrEricDing) March 9, 2022