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1) Global disruption of commodities, distribution, and manufacturing due to COVID19 shutdowns
Nope. Irrelevant.
Quote:
Originally Posted by Lincolnian
2) In the US workers in their late 50s and early 60s opting to take an early retirement as opposed to continuing to work/returning to previous positions
Nope. Irrelevant.
Quote:
Originally Posted by Lincolnian
3) Workers previously employed in lower-wage retail, service, and hospitality jobs shifting to higher-paying jobs in corporate and service areas vacated by older workers and others shifting up the job ladder
Nope. Irrelevant.
Quote:
Originally Posted by Lincolnian
4) The effects on prices of mandatory increases in minimum wages especially in small retail and food service industries
Nope. Irrelevant.
Quote:
Originally Posted by Lincolnian
5) Cheap money that contributed to bidding up real estate prices
Indirectly. Cheap money is a result of an expansion in the money supply.
Quote:
Originally Posted by Lincolnian
6) Stimulus money that led to increased demand for discretionary items
Indirectly. The stimulus money came from an expansion in the money supply. If, instead, the stimulus money had come from increased tax revenue, then it would be irrelevant.
Quote:
Originally Posted by Lincolnian
7) The wealth effect of growing 401k and private stock portfolios which led to people spending more money on large purchases
Nope. That's just an intertemporal shift.
Quote:
Originally Posted by Lincolnian
8) The stay at home shift which led to the purchase of second homes, pools, remodeling, etc., putting pressure on contractors and commodities in short supply
We just injected $5T into the economy out of thin air since the rona kicked off.
Well, 5 =/= 30.
Most people mention folks getting a few hundred bucks which flowed upstream and ended up in RE or stock market as the main culprit. Where's the rest? What's the figure for last administration's tax cuts (AKA: tax you should pay but you didn't = debt)? What about last housing crisis never being solved in 2008 or so? All of those things are 'out of thin air' too.
So - just a guess here - the greed of corporate execs with the protection of lobbyist-own politicians.
Nope.
Try this one on for size: most corporations are owned by public sector union pension funds... so by your logic it is the greed of public sector unions.
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