EBIZ - Is Inflation Cooling And Putting In A Top? Could It Be That I Was Wrong?
- There is one critical problem for supposing the ever-so-slight calm in inflation mean anything. The Fed’s own argument of the “base effect” now works against it.
- One of the Fed’s biggest excuses for claiming inflation would be transitory was that most of it was based on COVID-related supply chain problems that would supposedly go away as the recovery took hold.
- A little drought and a little virus can bring a nation that thought it was invulnerable to its knees.
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Is Inflation Cooling And Putting In A Top? Could It Be That I Was Wrong?