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

Posted on 2/5/24 at 8:44 am to
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 2/5/24 at 8:44 am to
quote:

rices are no longer going up 7% YOY. Your scenario would actually require deflation. And, if you think inflation is bad, which I very much do, deflation is way worse. Great Depression and Great Recession worse.


Right.

Also, wages are now growing faster than core and headline inflation. Income is starting to catch up.
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