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.