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Hi guys just found this thread, I got confused by some GOP neighbors etc. But current inflation situation is mostly caused by huge demand and not enough supply right? (caused by covid, everyone is trying to get back out there and working and buying stuff, too much demand not enough supply) And every country is going through the same thing right? similar inflation/problem etc.
Some countries are experiencing it worse than others. It's about 4% in the Euro zone, 8% in Russia, 12% in Brazil.
There will never be any relief from this. Exploding prices are an unavoidable consequence of printing funny money without the economic activity and productivity to absorb it.
Also, people who didn't lose their jobs during the pandemic have oodles saved, and now the money is burning a hole in their pockets.
We didn't have a real problem with rising prices until Covid struck. Spin it anyway you want. It was the truth.
Asset prices were rising well before COVID.
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