Inflation has been cured by changing the metric: food and energy are no longer included in the inflation rate. However, even this doesn’t account for the lack of inflation that should be expected from the Fed’s infinite Q.
The only reason that I can see is that the money really hasn’t entered the economy. It is traded directly between the fed and select banks who then buy the debt and play the splits on the interest. Net effect: NULL except for the increase in debt.
The amazing (IE: totally unrelated to real growth or innovation) stock market is more of the fedgov mutual masturbation. Is there anyone who worked for Goldman who isn’t on the other side of the river? Insider trading has taken on an entire new meaning since this team has gained control. The SEC isn’t even a flea on a puppy’s hind end.
Thank God the Democrats are so opposed to WS and big banks, otherwise someone would suspect that they have been colluding to defraud and destroy the entire country!
I agree, the Fed’s money isn’t in the economy yet pursuing goods and services. But the bulk of US currency is still overseas. As the value goes down other countries will send it here to buy goods and services; turn it into tangible assets. THEN, we’ll see inflation. Would it be racist to hang the president? ‘Cause I’d hang him regardless of his color.