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What would convince you that inflation is here? https://markets.businessinsider.com/news/stocks/warren-buffett-mohamed-el-erian-janet-yellen-inflation-risk-fed

• jartelt 5y ago
  Much of the available data is only pointing to inflation being on the order of 2.5% in the coming years. This is hardly the runaway inflation scenario many are predicting and is close to the target inflation rate of 2%. https://fred.stlouisfed.org/series/T5YIFR https://fred.stlouisfed.org/series/T5YIFR https://www.clevelandfed.org/our-research/indicators-and-data/inflation-expectations.aspx https://www.clevelandfed.org/our-research/indicators-and-dat... Yes, some things (housing, lumber, used cars, etc.) are experiencing quick increases in price. Some are saying this is a sign of runaway inflation. Many others are saying these price increases are a result of pandemic related supply/demand issues and temporary shocks to supply chains.
  • georgeplusplus 5y ago
    You didn’t answer my question.
    • jartelt 5y ago
      I'll be convinced there is a serious inflation problem if broad-based measures show inflation >3% in 12 months time. In the meantime, a lot of the price increases cited by individuals seem to be related to pandemic-caused supply chain issues, which will hopefully be worked out within the next 12 months.
      • georgeplusplus 5y ago
        Well that threshold just got beat way before your 12 month timeframe.