5 ms·
Housing was/is directly affected by Covid supply shortage. Cars, chips, energy, supply shocks etc are what’s causing all this increase in CPI. I would even say
by MrRiddle 4y ago
Housing was/is directly affected by Covid supply shortage.
Cars, chips, energy, supply shocks etc are what’s causing all this increase in CPI. I would even say there’s not much (monetary) inflation, on the contrary, deflation of the USD might break the system.
- adam_arthur 4y agoJust repeating disproven mantras from a year ago. Chip supply is higher than prepandemic. Demand is even higher due to fiscal stimulus. Not even worth discussing, its obvious to anybody that has been following the data closely. Look at retail sales figures on FRED and explain to me how this is not a primarily demand driven inflation: https://fred.stlouisfed.org/series/RSXFS https://fred.stlouisfed.org/series/RSXFS You and many others are conflating "shortage" with "supply side issues". Shortages can be driven by excess demand just the same as constricted supply