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Cool story, but just take a look at the 5Y, 10Y or even 25Y chart for US inflation and 2021 instantly becomes a big outlier. Compare it to other inflationary sp
by throwaway4aday 4y ago
Cool story, but just take a look at the 5Y, 10Y or even 25Y chart for US inflation and 2021 instantly becomes a big outlier. Compare it to other inflationary spikes in the 70s or 80s and it's pretty obviously the start of something big. You'd have to be blind or politically compromised to state otherwise.
https://tradingeconomics.com/united-states/inflation-cpi https://tradingeconomics.com/united-states/inflation-cpi
- spywaregorilla 4y agoFortunately there's an xkcd for that https://xkcd.com/2502/ https://xkcd.com/2502/
- throwaway4aday 4y agoNot sure if this is a rebuke or an agreement. The alt text seems to agree with me now that we've shown that 2022 is most assuredly not normal, we're going to need a lot more symbols. Seriously though, massive worldwide events have massive worldwide consequences which are very often long lasting. It's also a bit of a no brainer that flooding the economy with even more cheap money on top of supply chain disruptions would result in severe inflation for as long as at least one of those conditions remained. They've finally put the brakes on with beginning to raise rates but they can't control the supply chain so that's likely to keep things in turmoil for as long as it takes for things to straighten out or crash and reboot.