'Drivers of Inflation' in Eurozone to Ease this Year
The forces pushing inflation in the eurozone to record highs in recent months are expected to ease over the course of 2022, European Central Bank President Christine Lagarde said on Friday.
"We expect the drivers of inflation to ease over the course of this year," Lagarde told the French senate, after eurozone inflation reached its all-time peak in December at five percent, driven by soaring prices for energy.
15 January 2022, 02:08
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She has been told by Nancy Pelosi that the next US federal budget deficit will come down from three trillion dollars, a sixth of GDP, to a mere four hundred and eighty five dollars and fifty cents. The printing presses will stop rolling, the money supply stop inflating like a balloon, and too many dollars stop chasing too few goods.
15 January 2022, 19:02
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The 2020 budget deficit was 3 trillion US dollars, the GDP that year about 20 trillion.
