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NOTHING IS PERMANENT EXCEPT CHANGE

Over the past 40 years, the US economy has experienced four recessions. Among the four, only the extended downturn of 1979-1982 had a conventional cause. The US Federal Reserve thought that inflation was too high, so it hit the economy on the head with the brick of interest-rate hikes. As a result, workers moderated their demands for wage increases, and firms cut back on planned price increases.

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PS: GẤP 12 LẦN NGA ! https://www.zerohedge.com/news/2019-06-26/will-2019-be-year-changes-everything https://www.project-syndicate.org/commentary/russia-economic-stagnation-prospects-by-vladislav-inozemtsev-2019-06

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