Quote:
Originally Posted by Slava
Oh I get it, it's super fun to pile on the central banks. So, how long is transitory? I mean we didn't have much of an inflationary problem until a year ago (and that's really being quite generous with the data). Inflation is dropping now, which is fairly evident. So, we're at the one year mark if we take a few liberties. Seems pretty transitory?
The war is hardly a cheap excuse though. Have a look at the price chart for oil for 2022 and to the surprise of no one (well perhaps you?), the price rockets up as Russia invades because of supply fears.
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You realize that if central banks make major interest rates hikes specifically in order to combat inflation by forcing a recession, inflation isn't exactly running a natural or 'transitory' course...right?
What an insanely stupid argument.