(Joe Hoft) Goldman Sachs expects inflation to get worse over the winter. Goldman Sachs believes inflation has not yet peaked.
Related How The Federal Reserve Keeps Stoking Inflation
by Joe Hoft, November 17th, 2021
“The current inflation surge will get worse this winter before it gets better,” Goldman Sachs Global Investment Research warns clients in a “2022 U.S. Economic Outlook.”
Driving the news: But Goldman expects the economy “to reaccelerate to a 4%+ growth pace over the next few quarters as the service sector continues to reopen, consumers spend part of their pent-up savings, and inventory restocking gets underway.”

Notably, Goldman Sachs data starts with an inflation measurement that is one third lower than the reported inflation rate.
CNBC’s Jim Cramer believes inflation is much worse than being reported.
Any American who has driven through a drive-through restaurant since Joe Biden took over knows inflation is worse than reported. Food at restaurants appears to be twice as costly as it was a year ago.
About The Author
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft, and a contributing editor at TGP. Joe’s reporting is often months ahead of the Mainstream media as was observed in his reporting on the Mueller sham investigation, the origins of the China coronavirus, and 2020 Election fraud. Joe was a corporate executive in Hong Kong for a decade and has years of experience in finance, IT, operations and auditing around the world. The knowledge gained in his career provide him with a unique perspective of current events in the US and globally. He has ten degrees or designations and is the author of three books. Joe is currently co-host of the morning radio show in St. Louis at 93.3 “Tomorrow’s News Today”. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy.
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Source:
https://www.thegatewaypundit.com/2021/11/goldman-sachs-projects-inflation-get-worse-winter/
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