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I don't know why this is downvoted. Inflation in the USA absolutely is mysteriously low right now. It's a lot easier to explain 5% growth and 3% inflation than
by dmurray 8y ago
I don't know why this is downvoted. Inflation in the USA absolutely is mysteriously low right now. It's a lot easier to explain 5% growth and 3% inflation than 2% growth and zero inflation, even if they work out the same for the median (average?) worker who has no assets and no debt.
- 0x8BADF00D 8y agoOnly because of the relative strength of the dollar. We are literally living off the backs (labor) of Chinese workers. Once it plunges, you'll see the real reckoning at hand. It will be stagflation, and people will dump dollar denominated assets faster than you can say BOOYAH! Inflation always lags.