This will dog the stock market going forward.
Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
“The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
But the cost of shipping surges, no holds barred.
Prices spike to record. Consumers, struggling with affordability, switch from new to used.
New York condo prices fell again. Historic spikes slow in Seattle and other metros.
Because “outsized deviations of inflation from its target are a plausible outcome.”
Core CPI jumps the most since 2008.
As “affordability challenges” hit new vehicles, consumers switch to used, prices spike to record, inflation psychology sets in.