Here's a question for you since you seem to be knowledgable about inflation (I agree with all you on all points btw). Please see my example below and correct me if/where I'm wrong.
If the price for a dozen eggs was $1 back in say 2020 and they now cost $1.50, that basically represents a 50% inflation rate. Here's the question, while the goal of the Fed is to reduce inflation (+/- 2% target as they claim) then will the eggs ever go back to being $1 or is $1.50 the new floor?
Your answer seems to match mine. This is why I struggle to understand how real estate will crash as most experts are predicting. Will prices go down? Of course. But will they ever go back to pre-pandemic levels? Not likely in my book.
I agree. One that that has really fucked our economy is all this just in time bullshit supply chain. We need to get back to being prepared for the storm.
Here's a question for you since you seem to be knowledgable about inflation (I agree with all you on all points btw). Please see my example below and correct me if/where I'm wrong.
If the price for a dozen eggs was $1 back in say 2020 and they now cost $1.50, that basically represents a 50% inflation rate. Here's the question, while the goal of the Fed is to reduce inflation (+/- 2% target as they claim) then will the eggs ever go back to being $1 or is $1.50 the new floor?
Maybe when biden starts depleting our strategic egg reserve... Kek
Anything is possible in clown world. 😂
Your answer seems to match mine. This is why I struggle to understand how real estate will crash as most experts are predicting. Will prices go down? Of course. But will they ever go back to pre-pandemic levels? Not likely in my book.
I agree. One that that has really fucked our economy is all this just in time bullshit supply chain. We need to get back to being prepared for the storm.