Economist’s Shocking Prediction: Inflation Crisis to Worsen – Be Prepared!

(ConcernedPatriot.com) – According to Moody’s Analytics Chief Economist Mark Zandi, rate increases by the Federal Reserve would inevitably lead to “things starting to wobble and crack and it’s going to feel uncomfortable,” which will cause difficulties in the banking sector.

Also, “the next 12 to 18 months are likely to be uncomfortable” due to “still significant” inflation. Everyone must be prepared.

“It seems strange to go back to something Powell said before all of this banking turmoil, but lately, in his testimony in the Senate, Chairman Powell talked about how things would get rough after the Fed made its measures,” host John said Dickerson questioned.

“What does the term “bumpy” mean to you, and is that essentially what it looks like from what we’ve seen in the banking sector?”

“That’s what bumpy looks like,” Zandi replied.

“When interest rates are raised as quickly and significantly as the Fed has done over the past year, things will start to sway and break, and it will feel uneasy.”

“And exactly what he was referring to is what we have observed in the banking sector over the past eight to ten days. It will become bumpy.

And I don’t believe it is ended yet. Still very high inflation. The Fed still needs to increase inflation. Thus, the upcoming 12 to 18 months will be uncomfortable.”

“The banking system is weak,” said Zandi. “It is widely known. Deposit runs occurred. The pressure on the banking sector is nothing new, in my opinion.”

Hence, let’s own up to it and ensure the system is stable. I believe it is. I think the actions taken by the FDIC, the Treasury, and the Federal Reserve are sufficient, but let’s double-check.”

The U.S. might avoid a full-out recession, but Americans should prepare for a ‘slowcession’ according to the first economists to predict the 2008 financial crash.

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