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As ‘K-Shaped’ Inflation Fears Worsen, $650 Billion Says It’s Transitory
You may not be buying the Fed's "transitory" characterization of inflation, but nearly three quarter
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The Transitory question is part of a longer term issue and has roots in Sociological phenomenon… We are far removed from Gunsmoke reruns where all the shopkeepers in Dodge are humanitarians and craftsmen with their fellow man’s best interests at stake.. Rather we are in ‘get all you can’ dog eat dog competitive environment and it is never more obvious than in the corporate sector where quantity as well as quality is sacrificed on a whim and without as much as a morsel of conscience.. Unfortunately last years Covid crisis because of tremendous dislocations to a lot of ‘good ‘ folks accelerated and highlighted that behavior category.. Point is this inflation trend , unless attitudes are suddenly reversible , is not likely to be Transitory.