Not really,no. Not when I see the homeless rate rising every year. People struggle to pay for even the basic necessities in life,like rent. Inflation got rolling about 25 years ago and has snowballed ever since. I remember bitching about having to pay .35 for a Snickers bar. Now they're well over a dollar.Shrinklation is just an insidious form of inflation.
No way would the US be able to handle such a situation as hyperinflation, a cpi at 5 6 7% was impossible for most in the US to handle.... Hey the fed magically got cpi down from 9% to 3% in a handful of months, no need to worry as they would work even more magic if we encountered hyperinflation mode. So no need to panic ...sheesh
Shrinkflatiom has been around for a long long long time. I noticed this well before the term went mainstream, I do shop and look at details and numbers and prices, unlike the soccer moms who haven't a clue on what anything cost, who buy $238 bucks or 3 bags of food on their husband's dime....
Some items are suffering from Hyper deflation eg corn soya Natural gas The manufacturers / suppliers are sweating blood.
Sanctions is not economic genocide, Are you an apologist for the Maduro dictatorship of VE? Do you believe the Israelis are committing genocide in Gaza. Speak up so we can understand your politics/economics?
Dude, that's roughly (72/30) 2.4% inflation. That's perfectly fine cause your salary most certainly grew by more.
Thanks for repeating my post. https://www.elitetrader.com/et/threads/modern-day-hyperinflation.378427/page-2 Who knows maybe the concept of rate of inflation will sink in. Still I would not bet on it even with your money.
I would venture to guess that 2.4 far outpaced annual salary growth for that same period. My salary damn sure didn't see that kind of growth and I bet a lot of other Americans didn't either.