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      09-27-2021, 07:54 AM   #31
tom2021
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Drives: 2017 BMW X3 xDrive28i
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The Fed has been printing money for a long time, since 2008. They call it quantitative easing.
The Fed just use semantic "inflation is transitory". Is the transit to go up or to go down?
The Fed keep warning congress that only so much they can do to control inflation.
Many economist, e.g. Larry Summers, warn about high inflation.
In 1970's, the average inflation for the decade is almost 7%.
Nobody can predict how high inflation will be, I just guestimate it will be more than 1970's.

On the contrary, I am glad if I am wrong. So, I will sleep much better.
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