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TopicRemember when people said it was ok to print all that money as stimulus.
Sackgurl
07/19/21 10:45:05 AM
#15:


Used vehicles accounted for more than a third of the gain in the CPI, the agency said. The outsize increase was also driven in large part by the pricing rebound in categories associated with a broader reopening of the economy including hotel stays, car rentals, apparel and airfares.
Expectations that those increases will normalize help explain the Feds view that inflation is transitory.
Inflation surprised substantially to the upside in June but, once again, owing to outsized increases in prices in a few categories, said Michelle Meyer, head of U.S. economics at Bank of America. This reinforces the idea of transitory inflation.

shrug emoji

Squall28 posted...
*damages the supply chain by killing the labor force supply and trying to force higher salaries*

what evidence do you have that the supply chain is damaged

Garioshi posted...
interesting that you blame the stimulus and not the fed printing literal trillions of dollars to delay stock prices falling for a couple hours

to be fair the fed mostly uses this money to purchase treasuries and suppress investors' desire to dump stocks and flee to bonds

like there is a thing to not like about this, and it's the eventual spike in interest rates, but inflation is not that thing

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