/biz/ - Business & Finance

>>52892931
I also find it hilarious how economists, retards, bankers and pseuds in general are comparing this to the 80s without exactly understanding why the 80s were the way they were. The inflation of the 80s was primarily driven by Arab oil embargoes causing a massive crunch in the petrol supply. Once the embargo was lifted (they shouldn't have) it all bounced back in a couple years to business as usual. We're seeing the exact same supply side woes in a different category, problem is that food production in 2022 is extremely inelastic. Another reason why you're all living in a fantasy is that beef prices at the moment are artificially suppressed by the extraordinary high rate of cattle slaughter in the US which happened this year. That supply is gonna take years to a decade to recover if it ever will entirely.

Cant wait for inflation to creep back up around March (or even sooner) and the financial world is going to scream its head off as the meager seasonal boost in retail sales (driven by gen Z living with their parents kek) starts to wear off.