The Restaurant Industry Reacts to a Messed-Up Economy Plagued by Shortages & Transportation Snags.
The explosion of per-vehicle gross profit shows why buying a car or truck now is nuts. But lots of people did though they didn’t need to: inflationary.
Inflation can be considered a tax, an especially regressive one, falling harder on those with lower income and/or assets.
Welcome to Fed’s New World of Inflation.
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades (transcript).
Defying economists’ expectations for sixth month in a row, inflation heats up instead of easing off. And it’s a lot worse than it seems.
And the folks who experienced the high inflation of the 1970s and early 1980s as adults expect inflation to hit 5.7% in one year.
Get Used to Higher Inflation. My Thoughts on the Biggest Mess I’ve Seen in Decades.
All kinds of crazy spikes in used-vehicle wholesale and retail markets topped out, but by only a tad.
Disruptions “might linger for longer and might have larger or more persistent effects on prices and wages than they currently assumed.”