Posted 10/14/2021 08:28 (#9268233 - in reply to #9268175) Subject: RE: The Feds are in a corner.
I read my crystal ball similarly.
The underpinnings of low inflation still seem present - technology is making stuff cheap, and if one doesn’t believe that, I imagine there is a coming explosion in more automated processes and robots as owners seek to plug the labor shortage. I think inflation may run modestly higher than in the pre-COvID years, as the USA slowly moves further into isolationism and with large Millennial and Gen Z demographic groups having kids and needing stuff, but this just seems like a 5 year ramp up to $15 National min wage compressed into 18 months.
Time will tell, but absent major Congressional action to change the rules of the current game, this seems like a bulge moving through the snake rather than a new and different animal as of now.
Now that I’ve thrown my 2 cents in, the economy is free to laugh while fools plan.