Wednesday, 4 August 2021

'The Great Inflation Sabbatical Is Over' [updated]


"The Fed’s obsession with its inflation targeting goals has led to the worst of all possible worlds: Namely, roaring financial asset inflation which is profoundly inequitable and destructive of capitalist prosperity, followed by a renewed outburst of goods and services inflation that has come out of hiding from ... China ... "
          ~ David Stockman declaring 'The Great Inflation Sabbatical Is Over, Part 1'


UPDATE

"It should be damn obvious by now that the Fed’s massive monetary inflation of the last several decades has manifest itself primarily in asset prices. And that’s a very sharp change from the initial period of fiat money after August 1971 when goods and services inflation predominated. For want of doubt, here is the smoking gun ..."


 

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