He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.”
Zandi says his stark prediction is based on recent inflation data. “Foreign-born labor force is declining, and the overall labor force has gone flat since the beginning of the year,” he added. “That’s causing tightening in a lot of markets, adding to costs and inflation.”
Where I live (Philly suburbs) you always used to see people playing organized soccer on all the local fields early Sunday mornings yelling in Spanish. Now those fields are always empty.
I passdd through Times Square yesterday. Weekend during summer. Usually packed with teens families and tourists. It was nearing pandemic levels of empty.