That’s pretty much my take. In my line of work, inflation has been mostly driven by lack of supply of goods, not so much by increases in demand. Then made worse by gas prices, oodles of government spending, and now labor price hikes will increase demand putting a floor on inflation for a while to come. Month over month inflation rates may moderate but year over year number is going to take a while to see meaningful retreat.
Supply chain issues are the result of worldwide “lockdown” limiting supply of goods. Throw in energy prices and wage increases for what’s driving service sector inflation.
Powell pretty much said he wants to send us into a recession - he expects and wants housing prices to drop and unemployment to rise.
Yep, and the current “business models” fall right into the same agenda and bigger picture. Even if there is not a shortage they will manufacture one with policy. It is all about putting us into a 3rd world status living around campfires.
So... Here is what I figured out... Since there is no one brave enough to stand up against it then it is indeed going to happen.
So... I can wait and get caught with my pants down or start denying then the satisfaction right now on MY terms and not wait for their terms.
how? become as practical as possible like moving into a mobile RV, and not spend one dime more than I absolutely do not need to spend.
The end is the same anyhow. But mine now is by choice and I am not facilitating feeding the machine. I can sleep at night knowing I am doing everything possible to starve them.
There is no law that we have too.