Some of it is cost increases due to manufacturing shut down during Covid and current.
One supplier I have is in china and their factory has been closed the last 6 months.
Supply and demand imbalance. Manufacturing and shipping were significantly reduced during the pandemic, resulting in fewer goods to buy because of continuing supply shortages. Also, billionaires hoard more than cry like a baby even though they made threefold the money during that time. My old man was an economist for DC Rinos.
The Fed chair is trying to manage the economic policy transition by reducing economic activity to match intentionally diminished energy supplies. Lowering economic activity drops demand for energy. Unfortunately, as admitted by Powell today, this means a period of “some pain” for Americans as the central banks join together in an effort to lower consumption.
M2 Money Supply was up 40% year over year!
M2 is cash in the system.
The spike in M2 that caused the inflation spike in the 70’s was around 17%.
40% is insane. Almost like it’s on purpose 😉
Inflation always has been and always will be a monetary event.
Supply chain disruption and limiting oil production will make it worse. But it’s always a monetary phenomenon.
40% more dollars chasing the same (or less) amount of goods and services.
Davos 2020
Event 201
Agenda 21
Agenda 2030
The Great Reset
Some of it is cost increases due to manufacturing shut down during Covid and current. One supplier I have is in china and their factory has been closed the last 6 months.
World Economic Forum. The Great Reset.
Supply and demand imbalance. Manufacturing and shipping were significantly reduced during the pandemic, resulting in fewer goods to buy because of continuing supply shortages. Also, billionaires hoard more than cry like a baby even though they made threefold the money during that time. My old man was an economist for DC Rinos.
https://theconservativetreehouse.com/blog/2022/08/26/jerome-powell-says-fed-effort-to-make-u-s-economy-smaller-will-create-some-pain-for-americans-during-biden-transition-to-clean-energy/
Inflation is a part of "some pain".
M2 Money Supply was up 40% year over year! M2 is cash in the system. The spike in M2 that caused the inflation spike in the 70’s was around 17%. 40% is insane. Almost like it’s on purpose 😉 Inflation always has been and always will be a monetary event.
Supply chain disruption and limiting oil production will make it worse. But it’s always a monetary phenomenon. 40% more dollars chasing the same (or less) amount of goods and services.