My cost of living says the claimed inflation is way less then it really is. My life experience is that these types of things are never one-off spikes. We are in for at least another year of hyperinflation.
)the Negative wealth effect may well do more to moderate inflation than a 2% fed fund rate.
Perhaps a more correct statement is the speculation of the fed fund rate has more of an impact to inflation than what the actual fed fund rate will be. It's the fear of the unknown (20 rate hikes? who knows? lets throw random numbers out) that caused the negative wealth effect in the market.
You have no idea what the term hyperinflation means, when you write like that. In hyperinflationary times, it is cheaper to take a taxi than it is a street bus. 99 TeslaPoints for the first to explain why, but @jbcarioca cannot play.
Because by the time you get to the store in the bus, the prices have increased more than the extra cost for the taxi.
As frustrating as it is to watch the games of the spoofers, it is so much fun to watch when they get steamrolled. (-;
