Inflation

[PaulS]

Americans shifting spending habits due to covid are the reasons for inflation. Even though it's wrong the current president always gets blamed or credited for the inflation rate.
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[spence]

Originally Posted by PaulS

Americans shifting spending habits due to covid are the reasons for inflation. Even though it's wrong the current president always gets blamed or credited for the inflation rate.
Posted from my iPhone/Mobile device

It's mostly a supply and demand issue. Global logistics are restricting supply and people are spending more money now that things have opened up a bit. When they say it's expected to be temporary I don't think they meant just a few months. Will take into next year to sort out best case likely.

[Jim in CT]

Originally Posted by PaulS

Americans shifting spending habits due to covid are the reasons for inflation. Even though it's wrong the current president always gets blamed or credited for the inflation rate.
Posted from my iPhone/Mobile device

one of the reasons they’re shifting spending habits is the money that the feds dumped into the economy.

when you drastically increase the supply of something, you run the fish of decreasing the value of that something. that holds true for the supply/value of dollars.

you have this happening at the same time that we’re incentivizing people not to work, which exacerbates the supply of goods and services chokehold.
Posted from my iPhone/Mobile device