[glorgau]

IOW, they’re saying we are now at a new permanently higher plateau of prices. Except the mindset now is when in doubt, raise prices.

[Empire_of_Liberty]

They are going to fight inflation by ending Trump’s tariffs and flooding the country with cheap, Chinese-made crap that keeps prices down.

I’ll take Trump’s way, for 1000, Alex.

[rktman]

They wont ever go back that far. We will applaud $4.00 gasoline and $3.00 eggs. 😕

[atc23]

Indeed. No matter what anyone says, you can’t get rid of the excess greenbacks floating around out there overnight. When the inflation crisis hit Japan in the 70’s it took years to clean out the oversupply of Yen. The same will happen here - Americans haven’t seen the peak yet but it’s coming. Then we’ll hopefully hit a plateau and we’ll just have a much lower standard of living for decades.

DECADES

We’ll go back to only eating meat once a week, maybe twice a week. We’ll pay 4 dollars a litre for gasoline not 5 dollars a gallon.

[atc23]

Indeed. No matter what anyone says, you can’t get rid of the excess greenbacks floating around out there overnight. When the inflation crisis hit Japan i the 70’s it took years to clean out the oversupply of Yen. The same will happen here - Americans haven’t seen the peak yet but it’s coming. Then we’ll hopefully hit a plateau and we’ll just have a much lower standard of living for decades.

DECADES

[stig]

IOW, they’re saying we are now at a new permanently higher plateau of prices. Except the mindset now is when in doubt, raise prices.

With layoffs and wage deflation we are going to wish for the days we had only 5% inflation.