It's partly "animal spirits" but if the man raising cattle has to pay more for his supplies, and the butcher more for his supplies and rent and taxes, etc., those get passed on to the consumer. Yes, it snowballs, but it's also real.
Deflation, given our debt (both personal and government) would be worse than the 1970s stagflation we have going on now.
Real estate won't drop, I don't think, because to many people are leaving shithole cities/states and moving where things don't suck. Certain areas will decline, but other areas will see a shortage.
Doesn't explain the prices going up. Shortage of goods. increased demand, corrupt practices (housing), etc...I still see prices going up, regradless.
It's partly "animal spirits" but if the man raising cattle has to pay more for his supplies, and the butcher more for his supplies and rent and taxes, etc., those get passed on to the consumer. Yes, it snowballs, but it's also real.
Deflation, given our debt (both personal and government) would be worse than the 1970s stagflation we have going on now.
Real estate won't drop, I don't think, because to many people are leaving shithole cities/states and moving where things don't suck. Certain areas will decline, but other areas will see a shortage.