Quote:
Originally Posted by coksiw
I don’t know why Yellen keeps denying what it is become very obvious.
High Inflation is here, the CPI is messed up.
Asset inflation reflected in home prices and stock market. Exuberance in other silly assets like cryptocurrency (Dogecoin) and Non-Fungible Tokens. Lots of cash sitting in saving accounts.
Consumer goods inflation being nationwide noticed in the media now:
https://www.wsj.com/articles/consume...552601?mod=mhp
It was pretty obvious. Our economy trying to recover when every thing in our nation was still restarting and people getting out of their cave, and third world countries still in lockdowns. Plus the massive injection of cash into our economy. |
We are still in the pandemic. Too early to tell the actual impact of inflation.