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qldfrog said:
I do not know but pmi being well above 20pc everywhere, there is no way that inflation will not catch up to this..only alternative is companies collapsing..so we need/will see months and months of inflation
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the quandary is what is REAL inflation ( not 'official inflation ' ) if REAL inflation is approaching 25% ( anticipating further energy cost rises AND tax rises to come ) maybe we are getting near that peak BUT with super-low official rates where is the escape policy

we have super-high debt ( in many places ) super-low official rates ( in the majority of large economies ) and yet high inflation ( even at official figures) , how would the US handle official interest rates at say 8% by December ( because even 3% isn't going to do much nice ) and we need to at least be level with official inflation to cause a reduction in demand ( and YES i realize half the current problem is supply shortages .. but can that be solved in time say by December )

now the very real possibility is the the economy will collapse no matter what we do from here ( war , hyper-inflation, depression etc. ) probably the more important question is .. will civilization collapse as well

now if this inflation thing isn't actually under control by December maybe we are looking at years or decades ( like the Great Depression ) ( no point ramping up supply if the poor AND middle-class are destitute already )
 
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