DislikedPosted this before . It's worth noting . What happens once inflation goes above 8%, as is currently the case? Data since 1920 shows that once CPI >8%, it takes around 2 years (!!!) to even fall beneath 6%. Yet, current consensus expects us to be back at or even below 3% in just two years Yet these Fed officials still keep stating a target level of 2%Ignored
To get it to drop at all they have to make noise like they really mean it. But they don't mean it.... really. Rob the tax payer but avoid hyperinflation..... is the ludicrous game they are playing. For some reason we all go along with it with little fuss.
Smart money knows this game and have been desperately waiting for this moment to pile back into risk.