I'm not asking if inflation currently exists - it definitely does - but I'm more curious to know if it actually is a big deal? Is it just a transitory thing or are there actual warning signs for larger issues?
Someone who is good at economics please explain
Inflation has been above 5% every month for the past 5 months. Last time it was even close to this level was in 2008 right before the drop and it only took 3 months to set it off then. Take into account the fed is definitely cooking those numbers to bring it down lower. Many other reports are showing it higher. Even up into the teens. Couple that with the fact the reverse repo rate has been above 1 trillion for over 40 consecutive days the economy is in the shitter and we are just waiting to see what's gonna be the straw that breaks the camel's back. Additionally China's Evergrande is dragging their real estate market into the ground, which many large US banks had invested in, and last I heard (it's been a minute so idk if this has chsnged) Xi wasn't going to bail them out and any help to their investors wasn't being extended to foreign investors (lol eat shit America). Evergrande may be the trigger to start this off and if good ol Xi refusing to bail them out takes down the US economy I'm going to laugh so hard I'll shit a brick. When this thing goes it's gonna make the 2008 crisis look like a pot hole while driving off a cliff. (I hope)
I believe china is planning to nationalize Evergrande and bail out at least the citizens that had bought assets.
:xi-plz: