JPMorgan Chase CEO Jamie Dimon said this week that a fate worse than recession for the U.S. economy—namely, stagflation—can’t be ruled out.
Speaking at the Council of Institutional Investors’ fall conference in New York City on Sept. 10, Dimon expressed concern about the possibility that stagflation—a detrimental mix of economic stagnation and inflation—could well be stalking the U.S. economy.
“The worst outcome is stagflation—recession, higher inflation,” Dimon said. “And, by the way, I wouldn’t take it off the table.”
Stagflation, a term often associated with the 1970s, is marked by elevated price pressures, increasing unemployment, and stagnating economic growth. Such a combination could push stock markets lower, strain retirement accounts, and reduce consumer purchasing power. It could also lead to prolonged economic hardship, making it difficult for policymakers to revive growth without making inflation worse.
Meanwhile, investors and economists are focusing on signs of slowing growth and possible cracks in the labor market as Federal Reserve officials have been battling high inflation for more than two years with high interest rates, which have raised borrowing costs and cooled demand. While inflation has fallen from its June 2022 peak of 9 percent to 2.6 percent in August 2024, there are fears that inflationary pressures could pick back up—along with expectations that inflation will settle around the 3 percent mark over the long term. […]
— Read More: www.theepochtimes.com
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
