After decades of hearing about trickle-down economics, and seeing lower inflation than ever, it's only taken a couple stimulus checks for people to start becoming inflation hawks. People need to set the bar a bit higher I think. There might be an equity bubble, or a housing bubble, but I'll believe CPI inflation when I actually see it. The Fed has printed money before (helicopter money+buying debt), and it didn't cause CPI inflation.
I've been in the US for 25 years, and I've yet to see savings interest rates above 2% in all of that time, and CD rates of more than 4%. There are other factors of inequality and productivity at work as far as mid-long term inflation is concerned. You want to see short-term inflation? Buy everyone a house.
I've been in the US for 25 years, and I've yet to see savings interest rates above 2% in all of that time, and CD rates of more than 4%. There are other factors of inequality and productivity at work as far as mid-long term inflation is concerned. You want to see short-term inflation? Buy everyone a house.