The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague.
Would it be too much of a conspiracy theory to believe that the Fed, ECB and BOE all encouraged the Russian invasion of Ukraine as a way to divert attention from their own failures and create another scapegoat?
I agree that core inflation will be far stickier than many currently assume, and in fact, may have trouble going below 3.5% for a very long time. Have a good weekend
Would it be too much of a conspiracy theory to believe that the Fed, ECB and BOE all encouraged the Russian invasion of Ukraine as a way to divert attention from their own failures and create another scapegoat?
I agree that core inflation will be far stickier than many currently assume, and in fact, may have trouble going below 3.5% for a very long time. Have a good weekend
I guess a bit too much.
Have a great weekend as well, Andy!