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| Yes, inflation with deflation is the most accurate. Meaning somethings will be over bought, some won't be bought at all.
What is missing is that leading to the covid crisis created by government actions, there was 12 year period of ridiculously low interest rates which drove consumption extremely high. The amount of debt pumped into the system and consumption cycle created massive inflation. See land and equipment prices. Anyone making a trend line off the last decade is a fool. Anyone ignoring the last decade is a fool. Anyone ignoring the government intervention in all things covid and still making economic projections really doesn't have a leg to stand on.
It's a centrally planned economy. It really is that simple.
Massive deflation can start next month. Banks just have to start calling in loans. And that will prove inflation was transitory. | |
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The Feds are in a corner.
