Hmmmm
“Transitory” is their regurgitated word on the news.
I’m just glad Joe Biden is POTUS...
There is a third option. Explosive prosperity with mean tweets
Bfl
Option 3: Print enough money to make the dollar worthless and flee to your New Zealand escape compounds while the peasant population starves.
What is the difference? We still can’t buy anything. Either the dollar becomes worthless or we don’t have any.
I told my husband I would glad eat rice and beans, if the pain was so great to keep libtards out of office for the next twenty years.
That situation is nothing new, it’s old.
The federal govt making it worse every year is the problem.
There may well be a recession, but either way the FED will be more worried about deflation than inflation in 3-5 years.
Given the gubmit’s proficiency in choosing the worse, we may safely assume that the Fed will chose the worse option.
After all, that’s where talent does NOT go.
Once the supply chain clears, inflation will slow. But without energy prices coming down, it won’t deflate.
And china’s ports are closed right now (2 big ones at least); Canadian imports are messed up. And about two trillion in government spending is going to be released this year.
What could go wrong?
Actually it is one choice - when to trigger the Recession. Either now or years from now after your paycheck has shrunken by 30 to 50 percent.
The federal government has printed trillions of dollars since back in 2020 and we still have inflation.
“Seth Carpenter, Morgan Stanley global chief economist”
It’s not like he has any interest invested in the truth.
What’s he doing with HIS personal assets?
Only an idiot, or a Democrat, or Joe Biden, would think this inflation is temporary. But I repeat myself,
The dirty little secret is that they do understand the inflation process. It results from increasing the money supply. They do everything in their power to hide and obscure this. It is a very sneaky way to tax liquidity. Not only that but as it pushes up the prices of everything they get extra capital gains taxes . This effectively turns their hidden currency tax into a hidden wealth tax as well.
If that were not incentive enough for the Government to create Fiat money it also reduces its debt load by making the debt effectively smaller. No wonder we see tools like this fellow trying to hide what inflation really is.
Nonsense...
Why do we go back to the same people that have failed at their jobs?
A lot of our troubles could go away by lowering energy costs. Allow drilling in Alaska, the Gulf, Atlantic and Pacific coasts. Allow for drilling in the States.
Build new clean coal plants, nuclear plants and slowly phase out the Windmills.
Then end the Covid madness cut all income taxes for 5 years, eventually replace all income taxes with a sales tax of 10%, encourage businesses to come back by giving them tax incentives and put tariffs on imports for companies that do not build plants here.
Balance the federal budget and pay down the debt by selling federal lands back to the States.
Abolish the IRS and the Department of Education. Consolidate and reform the alphabets agencies, and if they can’t they are not fixable then abolish them and start over.
Finally secure the border, you can only come here if you are bring skills to the country that are in need, cut off all handouts for people that are here illegally, begin to repatriate them back to their country.
That would be a good start.... I know it’s a fantasy.
In the long term, we are all dead.
It all started on day one when the sonofabich canceled the pipeline. All downhill from then. Thanks democrats for putting this puke in office. Ukraine and Taiwan will probably be thanking you too as the Afghanis already have.
The Fed has no options. They will have both a recession and years of very high inflation.
The is because the Government insists on spending money it does not have and effectively having the Fed print more money to cover the payments. Inflation is guaranteed.
Hyperinflation eventually chokes off the economy and guarantees a recession. That still does not stop inflation.
We have seen this movie before. We know how it ends.
Those of us in the real (non-political) world know it all too well. When the government prints and spends trillions, it has to disappear through inflation. It's as simple as that.