3 ms·

The pandemic was worldwide, and every other central bank has been printing, too. Depending on which currency you're trading against, that could be a factor. Fo

The pandemic was worldwide, and every other central bank has been printing, too. Depending on which currency you're trading against, that could be a factor. For a while in 2021-2, non-dollar currencies were inflating even faster, so DXY actually went up even as the dollar weakened against goods and services. Even if the tables have turned and the dollar is weakening faster now, it's not like everybody else has actually reigned in their own printing.

cruffle_duffle 3y ago
The pandemic didn’t cause this inflation. The governments response to it did. Governments love when people blame an infectious respiratory virus for their idiotic response.
- throw0101c 3y ago
  > The pandemic didn’t cause this inflation. Have you tried buying a car, new or used, recently? Supply chain issues caused by the pandemic certainly caused (parts of) inflation. Then there's geopolitics (energy/oil, food/wheat), also not helping with inflation. Supply-driven inflation looks to be the cause of at least half the run-up: * https://www.frbsf.org/research-and-insights/publications/economic-letter/2022/06/how-much-do-supply-and-demand-drive-inflation/ https://www.frbsf.org/research-and-insights/publications/eco... * https://www.frbsf.org/research-and-insights/data-and-indicators/supply-and-demand-driven-pce-inflation/ https://www.frbsf.org/research-and-insights/data-and-indicat... * https://en.wikipedia.org/wiki/Cost-push_inflation https://en.wikipedia.org/wiki/Cost-push_inflation