Markets capitulated on FED, Jerome Powell, comments about interest rates not being raised until at least Q3, thus allowing inflation to run ramped. He stated that he doesn't see a risk with higher inflation and is more concerned about the job market reaching full employment, while stating the shipping constraints and Covid are the reason for inflation. Never mind the reckless REPO Purchases of $125 Billion per month (with UK matching the same) and driving up the FED Balance Sheet and M2 Money Supply. The FED and Government spending of debt is the reason for inflation - repeating the same cycles of 1929 Wall Street Crash, 1960, 1970, and 2007/08. The same blue print with the same people that have been in government for 20+ years who've been signing off on every spending bill and every debt ceiling.
Anyways, the constraints in the economy are not going to solve themselves while companies are terminating unvaccinated, inflation runs rapid hurting the middle class and hitting poverty stricken populations even harder. Sooner or later the government will not be able to send people money to spend - thus causing the artificial CPI data figures (and eventually the rental increases will be part of this data because right now they're not being included).
Enough of my rant as I could write on this topic for hours.
Good Luck to All and may you prosper in your future endeavors'. God Bless.
Anyways, the constraints in the economy are not going to solve themselves while companies are terminating unvaccinated, inflation runs rapid hurting the middle class and hitting poverty stricken populations even harder. Sooner or later the government will not be able to send people money to spend - thus causing the artificial CPI data figures (and eventually the rental increases will be part of this data because right now they're not being included).
Enough of my rant as I could write on this topic for hours.
Good Luck to All and may you prosper in your future endeavors'. God Bless.