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Does anyone still believe inflation will ever return to it's pre-pandemic levels?
I believe we're only in the very early stages of a permanent inflationary crisis that is only going to get immensely worse. We're going to get all the inflation we should have gotten after the 2008 crisis, plus all the Covid inflation, plus far more inflation on top of all that. No matter how much the government rigs the CPI, a 2% inflation reading is gone forever....
No, because only madmen think you can have a infinite growth in a finite realm when all the oil has run dry and this is the greatest economic collapse since the great flood.
Does anyone still believe inflation will ever return to it's pre-pandemic levels?
I believe we're only in the very early stages of a permanent inflationary crisis that is only going to get immensely worse. We're going to get all the inflation we should have gotten after the 2008 crisis, plus all the Covid inflation, plus far more inflation on top of all that. No matter how much the government rigs the CPI, a 2% inflation reading is gone forever....
I see no data to support your assertion that we will have a "permanent inflationary crisis".
That is contradicted by the last 100 years of historical data, which also includes periods of rampant diseases, some interesting world events, and far worse inflation. https://commons.wikimedia.org/wiki/F...on-by-year.png
When we bought our first house, the 30 year mortgage rate was 14.5% at that time.
Here is a chart of mortgage rates. Things have been much worse and recovered even in my lifetime. https://www.macrotrends.net/2604/30-...age-rate-chart
Well I mean what kind of question is that?? If I'm not mistaken the only immortal things are (some) elementary particles such as the electrons...they last forever, depending on some interpretation of the future of the universe...
The question is when is the record inflation gonna end: This year? Decade? 20 years? I hope it's sooner.
Does anyone still believe inflation will ever return to it's pre-pandemic levels?
I believe we're only in the very early stages of a permanent inflationary crisis that is only going to get immensely worse. We're going to get all the inflation we should have gotten after the 2008 crisis, plus all the Covid inflation, plus far more inflation on top of all that. No matter how much the government rigs the CPI, a 2% inflation reading is gone forever....
I agree 100%....things have changed. I expected inflation to hit a lot earlier than it did - like a decade ago - but it's here now and it's not going anywhere.
Not what the collective wisdom of the bond markets say .
They say we are falling back to 2-1/2 to 3% based on everything known up until fridays close
Who are you going to believe? The bond market? or me?
Don't answer that question.
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