The Briefing
Poll: Inflation is the Top Financial Concern for Americans
A recent survey by Gallup discovered that inflation has become the top financial concern for Americans, surpassing other issues like low wages and housing costs.
This article was written by Brandon Smith and originally published at Birch Gold Group
One of the most detrimental aspects of an inflationary or stagflationary crisis is that, in most cases, housing costs tend to rise while home sales fall.
The U.S. economy grew 5.7% in 2021, the fastest pace since 1984, bouncing back from the 2020 recession. That’s great news for America, but what happened to the country’s trade balance?
America’s trade deficit of goods shot up to a whopping record $1.1 trillion in 2021 from $922 billion in 2020, leading to its largest-ever deficit. Imports dwarfed exports, reaching new highs of $2.9 trillion in 2021. U.S. exports to other countries accounted for $1.8 trillion.