The economy is in ‘Terrible condition” as the economy hits a 40-year Highest
An argument was raised by Wealth Management Chief Investment Officer Scott Martin that the current condition of the economy is very poor and it has reached the highest if compared with the previous forty years.
On the channel, FOX NEWS LIVE a comment was made by Martin, who is a contributor at FOX Business, the reactor was seen reacting to a recent survey conducted by Fox news survey in which almost all the people were worried about the fastest inflation economy.
People are estimating that inflation will only expand further. In the last 10 years, only a surprising 17% of the respondents have rated the economy in a positive way. A surprising 52% of the respondents believe that it will get worst next year.
American inflation’s recent expansion has shaken everything from production cost to everything that needs to run the world because America is an arm-producing nation it has resources to offer. If America is suffering somehow the whole world will.
The gas prices have affected about 52% of the people who have changed their summer plans. To afford basic necessities 70% had to cut down on their expenses. This shows that inflation has now started affecting the basic necessities. If this continues, America will no longer be the superpower it is now.