Powell is a DICK!... in case you hadn't noticed! https://www.zerohedge.com/markets/w...feds-policy-approach-senate-banking-committee
I’m not either. The US is far ahead of the rest of the world in terms of pulling out of Covid. The majority of the world is still living with massive outbreaks and an economy running at half speed. We are pumping right now and demanding up more supply than is available. As the rest of the world finds their way out inflation will tamper and then deflation will happen as demand for US currency strengthens the dollar.
Yeah, the government will just pick the up the tab right? Tell me, hows that working out for Cuba? Venezuela? Housing is deliberately left out of the calculation for inflation to keep COLA for social security adjusted down. On what planet is a 14% y/y rise in property values a good thing? How is that there is no place in the US where minimum wage will afford you even a shack to live in a good thing? Holy fuck we have a real drooler here.
Wages are going up, rents are going up, food and health care are going up, everything's going up, but this yahoo thinks it's all about the dollar LOL. drooler is an understatement.