October Inflation 6.2%
mark94
Arizona
Wednesday, November 10, 2021 2:48 PM
It’s clear this is no longer transitory. Biggest jump in prices in over 30 years.
Main causes are federal deficit and shortage of goods resulting from CoVid and lock down shocks. The cure is a rise in interest rates to bring down inflation while ending CoVid restrictions to increase production. Instead, the labor force is shrinking because of vaccine mandates while overall economic activity is chilled.
This is going to last a while.
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