Stuart Varney: Inflation spiral is souring the national mood
Stuart Varney: Inflationary spiral is souring the national mood
FOX Business host Stuart Varney argues the pace of inflation is not slowing down as Americans grow frustrated over the diminishing standard of living.
During his latest "My Take," "Varney & Co." host Stuart Varney discusses the "inflationary spiral" souring the country's mood as prices continue to rise, arguing that saying "morale is low" would be an understatement.
STUART VARNEY: We are in an inflationary spiral. I've never seen anything like it.
I lived through the inflation of the late 70s, but it was nothing like this.
It’s the speed of the price increases that gets to me. That’s why I call it a spiral. And that’s what gets people so nervous.
When is it going to end?
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There is a deeply pessimistic mood in the country today, and the inflation spiral is at the heart of it. People are scared and angry.
In a non-partisan poll, quoted in the Wall Street Journal, 38% said they are getting worse off.
Remember Reagan's question to Carter: ‘Are you better off than you were four years ago?’