Is inflation temporary? Quick answer: NO

almost 3 years ago

You would think with the economy BOOMING perhaps cheaper oil could give us a hand. There is actually no reason oil is so high. Sure it made sense at the beginning of the 'virus' but now with our booming economy it's pretty high! I say booming more as 'boomers' retiring. The economy is broken, and we all know it.

https://www.zerohedge.com/personal-finance/inflation-transitory-heres-your-simple-test

Sure the tech industry / online is doing well, lumber was manipulated as wood became shorted, and of course the semi-conductor computer chip shortage still is in play. The wood is just pure manipulation, the oil is just pure manipulation, but the computer chips are real.

It probably works more like this! Nothing is transitory and we just got the 400,000 unemployed jobless report. The FOMC meeting only spoke about '2 rate hikes' next year. We all know how speaking about something about a later date always comes into fruition right?

I would love to see that roll out without crashing the market. Prices will never go down unless we have the big deflationary crash everyone knows should be coming. Print it moar. BRrr BRrr BRrr! Life boats are going to be hard to identify as even crypto is under attack.