re: So did the fed really fix inflation or did the supply chain problem etc just fade out

Deflation would be a great thing. I understand the economy and what the effects would be. Look to Switzerland who had deflation for 5 years and their economy was just fine. I can guarantee that deflation in the US would be a great thing for the next few years.

Housing prices would decrease. The cost to build houses would decrease. More people could buy houses. Banks would still make money and so would Wall Street.

Grocery prices would decrease. The middle class and poor could afford groceries to buy and buy other goods and services that are now cheaper. The base of the economy would expand. More jobs would be created across the board. People would feel wealthier and less credit would be needed by the working poor. In turn their health would improve and families would be able to spend more time together.

The only people who prefer inflation are the bankers and elite. It’s the only way they can make sure you don’t accumulate enough money to ever get away from being a serf.

I wrote a paper on the trade war with China 10 years before the trade war actually happened. I went into significant detail on how to win and the outcome that would occur if the steps were taken. The one major step that wasn’t secured was refunding/refinancing our long term debt at the low rates. It would have extended the time lines for social security and Medicaid.

The masses are pissed off because prices are down. Yet you hear the new talking point that the economy is great. It’s fools gold.

My prediction- Trump will win and the market will collapse. The rug will be pulled out once he wins and he will be blamed for it. Their will be pain in the form of job losses and bankruptcies. Think 2008-2009 x’s 10. It will last at least three years. There will be a socialist push for basic universal income. If that passes, the country is over. AI won’t sustain us.