Friday, October 22, 2021

Inflation worries ...

now that JP's chances are diminishing, he came to realization that inflation might have gone over the wall in last 6 month ... & now he got to rush to fix it or maybe the next guy will ...!

but it simply hard to imagine that history is repeating, & we are going back to Carter days, the era of 40 years of low inflation is about to end .. & then you would need a Reagan & Volcker combo to tame it ... but its way far in future ..!

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you don't need to be a PhD in economics ...

to solve an economic problem ... & there are 100s of PhD working at Federal Reserves forecasting an inflation in future due to tariffs ....