How Long Will High Inflation Last? Inflation hysteria is in full effect. When economic hysteria of any kind hits, I find it’s always best to break things down in a rational, actionable way. Amongst the overwhelming noise and panic, only a tiny portion is focused rightly on whether the inflation numbers that we’re currently seeing (6.8% y/y) are transitory (temporary) or here to stay for a while. Count me as a member of “Team Transitory”. The demand-side data reflects what most of us have lived since April of 2020 – a large increase in demand for goods (as people...
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[Read the rest of the story at 20somethingfinance.com]