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Interesting video. I think that there are still people out there who would claim that the current inflationary environment is transitory.

And I'd be lining up to agree with the them (depending on the day of the week).

I think the situation is alot more complicated then what is currently being discussed in public media. I say this because many who argue that inflation is truly here to stay point to statistics that compare humanity post-covid to humanity pre-COVID...

Yes. Post-COVID and pre-COVID. I use those terms as 2019-202x have been a defining moment in human history, regardless of whether or not you believe the politics /science /podcasts. The facts are that this period coincided with socio-economic upheaval that probably has not yet ended and will likely have implications for years to come. It's akin to 9/11 (the only event I could remember with a similar societal impact) and would be close to a few international wars.

How then, could you possibly compare post-COVID economics to the Pre-COVID era?

I personally don't think you can. Nor do the politicians, despite how much they are keen to use the nostalgia of yesteryear to placate people.

The reality is there has been a fundamental shift in how modern human society functions. Credit is easily accessible. Work can be done remotely. Density limits (whether legislated or not) will apply as human behaviour has changed. Healthy systems have been permanently disrupted (flu waves + covid waves). These are fundamental shifts, and so it's natural to expect a shift in the economic response.

Monetary easing to date has been extremely accommodative. The past 2 years have shown us that traditional tech, fintech, green energy and healthcare have managed to attract money. Because they have enabled the economy to continue function during a period where modern society was disrupted.

And now we face an economic test just as we (possibly) emerge out of the pandemic. The question will be whether or not we will return to regular society ala 2019 or we continue on some similar trajectory that was ignited during 2020.

Only time will tell, but if the past 2 years have taught us anything it's that there is no straight line to walking along. If anything it will turbulent and volatile. And if so, how could anyone NOT expect inflation/deflation.

<blockquote data-quote="waterbottle" data-source="post: 1161607" data-attributes="member: 56541">Interesting video. I think that there are still people out there who would claim that the current inflationary environment is transitory.And I&#039;d be lining up to agree with the them (depending on the day of the week).I think the situation is alot more complicated then what is currently being discussed in public media. I say this because many who argue that inflation is truly here to stay point to statistics that compare humanity post-covid to humanity pre-COVID...Yes. Post-COVID and pre-COVID. I use those terms as 2019-202x have been a defining moment in human history, regardless of whether or not you believe the politics /science /podcasts. The facts are that this period coincided with socio-economic upheaval that probably has not yet ended and will likely have implications for years to come. It&#039;s akin to 9/11 (the only event I could remember with a similar societal impact) and would be close to a few international wars.How then, could you possibly compare post-COVID economics to the Pre-COVID era?I personally don&#039;t think you can. Nor do the politicians, despite how much they are keen to use the nostalgia of yesteryear to placate people.The reality is there has been a fundamental shift in how modern human society functions. Credit is easily accessible. Work can be done remotely. Density limits (whether legislated or not) will apply as human behaviour has changed. Healthy systems have been permanently disrupted (flu waves + covid waves). These are fundamental shifts, and so it&#039;s natural to expect a shift in the economic response.Monetary easing to date has been extremely accommodative. The past 2 years have shown us that traditional tech, fintech, green energy and healthcare have managed to attract money. Because they have enabled the economy to continue function during a period where modern society was disrupted.And now we face an economic test just as we (possibly) emerge out of the pandemic. The question will be whether or not we will return to regular society ala 2019 or we continue on some similar trajectory that was ignited during 2020. Only time will tell, but if the past 2 years have taught us anything it&#039;s that there is no straight line to walking along. If anything it will turbulent and volatile. And if so, how could anyone NOT expect inflation/deflation.</blockquote>

[QUOTE="waterbottle, post: 1161607, member: 56541"] Interesting video. I think that there are still people out there who would claim that the current inflationary environment is transitory. And I'd be lining up to agree with the them (depending on the day of the week). I think the situation is alot more complicated then what is currently being discussed in public media. I say this because many who argue that inflation is truly here to stay point to statistics that compare humanity post-covid to humanity pre-COVID... Yes. Post-COVID and pre-COVID. I use those terms as 2019-202x have been a defining moment in human history, regardless of whether or not you believe the politics /science /podcasts. The facts are that this period coincided with socio-economic upheaval that probably has not yet ended and will likely have implications for years to come. It's akin to 9/11 (the only event I could remember with a similar societal impact) and would be close to a few international wars. How then, could you possibly compare post-COVID economics to the Pre-COVID era? I personally don't think you can. Nor do the politicians, despite how much they are keen to use the nostalgia of yesteryear to placate people. The reality is there has been a fundamental shift in how modern human society functions. Credit is easily accessible. Work can be done remotely. Density limits (whether legislated or not) will apply as human behaviour has changed. Healthy systems have been permanently disrupted (flu waves + covid waves). These are fundamental shifts, and so it's natural to expect a shift in the economic response. Monetary easing to date has been extremely accommodative. The past 2 years have shown us that traditional tech, fintech, green energy and healthcare have managed to attract money. Because they have enabled the economy to continue function during a period where modern society was disrupted. And now we face an economic test just as we (possibly) emerge out of the pandemic. The question will be whether or not we will return to regular society ala 2019 or we continue on some similar trajectory that was ignited during 2020. Only time will tell, but if the past 2 years have taught us anything it's that there is no straight line to walking along. If anything it will turbulent and volatile. And if so, how could anyone NOT expect inflation/deflation. [/QUOTE]

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