I'm convinced this inflation is purely a result of supply constraints and not print. The central governments did give people cash... but it only, in my oppinion, countered the deflationary pressures of lockdowns.
Pair this with lower workforce participation, sky high debt, and soon to be tapering, look out.
Inflation doesn't involve real growth except in the cases where an economy starts getting overheated. We are seeing more money chasing the same supply of constrained supply. Poor energy policy, labor constraints to gov meddling etc.. Did you not get any any stimulus checks? The magic money conjured out of thin air multiple times?
I'm convinced this inflation is purely a result of supply constraints and not print. The central governments did give people cash... but it only, in my oppinion, countered the deflationary pressures of lockdowns.
Pair this with lower workforce participation, sky high debt, and soon to be tapering, look out.
Check the bond market for reality.
Inflation doesn't involve real growth except in the cases where an economy starts getting overheated. We are seeing more money chasing the same supply of constrained supply. Poor energy policy, labor constraints to gov meddling etc.. Did you not get any any stimulus checks? The magic money conjured out of thin air multiple times?
Food? Energy? Shelter? These aren't penny stocks in a pump and dump, but basics of civilization