Goldman Sachs Projects Inflation to Get Worse Over the Winter

Goldman Sachs expects inflation to get worse over the winter.  

Goldman Sachs believes inflation has not yet peaked.  Axios reports:

“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.

BREAKING: Inflation Hits Three Decade High Under Joe Biden — October Inflation at 6.2% #SenileBiden

CNBC’s Jim Cramer believes inflation is much worse than being reported.

“It’s Much Worse Than We Thought” – CNBC’s Jim Cramer Sounds the Alarm on Inflation in the US

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.

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Joe Hoft is a Radio Host at, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

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