a “everything” bubble is called inflation, and it CAN last forever. The price of things almost never goes back down to what it was before inflation.
I’ve heard a theory that inflation will run amok through Christmas and then we will enter a period of deflation. The theory is that there will be sustained demand through Christmas with short supplies. The ships won’t get unloaded fast enough to actually make the final trek onto store shelves. Then all the seasonal goods, including winter clothing and other such items that aren’t damaged from sitting in musty containers, will no longer be desired by cinsumers as the Christmas and winter season will largely be passed and spring items will be needed.
This, coupled with less consumer discretionary income due to higher food, fuel, and heating costs eating into our pockets, consumers will be tapped out with no interest in whatever does, finally, become available.