I'm sure you know that the government has been revising the definition of inflation continuously for decades to make it look no worse than about 2.5% annually. But it is still a mystery to me that interest rates can still be held artificially low. This can't go on forever.
I’d love to flip some 4K stock footage that I am slowly generating to go with those 4K TVs. Maybe with better weather, I could hire acting talent and help the economy. I rather doubt it will.
Another way of looking at it is that the cost of the discretionary goods like new TVs and consumer electronics went down because demand dropped, because people are spending more on food, electricity, medical costs, taxes.
“This can’t go on forever.”
You’re right; it can’t. And when the rubber band snaps, it’s going to be ugly. And I mean Nancy Pelosi-level ugly!