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Sentiment Survey Reveals Unprecedented Disparities
Consumers' expectations for inflation were unchanged in early December, the preliminary read on the University of Michigan's sentiment survey suggested.
That's not the best news. Perhaps a more accurate way to put it would be to say that consumers' perceptions of price pressures both in the near-term and over the next five years remained extremely elevated.
The expected change in inflation over the next year stuck at 4.9%, the same as the November survey and the highest in a dozen years. Longe
Meanwhile, your GOP is worried about much more pressing issues, such as fighting mask and vaccine mandates!
The Fed will continue the “easiest path” of inflating away the government debt- up to the point that inflation is no longer tolerated by the people. Then back off for a period of time.
The government can make it up to the lower income citizens of the US through entitlement programs, no taxes, credits and direct stimulus payments.
This effectively shifts the burden of inflation to non US bond holders.