"As price increases accelerate, policymakers at leading central banks are slowly starting to move away from the narrative of “transitory” inflation that has already cost them the policy initiative. But the needed pivot is far from complete _...Read More_

[@Druss](/user/profile/Druss) I posted this article 2 days ago why is this relevant and mine's not??

"Rising consumer price inflation is not going away. This, of course, is counter to the “transitory” argument made by Federal Reserve Chairman Jerome Powell earlier this year."

"Recent economic reports are running contrary to the expectations of those who subscribe to Modern Monetary Theory and other types of “new” economic thinking."

"The Bank of England is weighing up the costs of a change."

>"Experts may invoke the specter of stagflation, but don’t look for a return of the economic conditions of the 1970s. We have too far to fall"

>"The impact of a dollar devaluation is making its way through supply chains and the global dollar system. Significant inflation is likely."

>"Millions of Americans have yet to return to work after dropping out of the labor market amid the onset of the pandemic, posing _...Read More_

"Americans say they are more anxious about the economy, but they are spending record amounts of money as if they have no worries at all."

"The biggest concern among Chinese exhibitors at October’s Canton Fair has been the rising cost of production amid global inflation. Others bemoaned the lack of foreign visitors."

"Excellent article by Stephanie Kelton highlighting the true understanding of inflation and how to manage it. Shows up mainstream economics as the ragged attempt at understanding this very important aspect."

"Faster price increases are already becoming embedded in consumers' and investors' expectations, increasing the probability they will become entrenched.."

"Once supply chain disruptions are straightened out as manufacturers increase their production and distributers move their products faster, shortages are bound to ease."

"Richmond Fed President Thomas Barkin said he's on board with reducing the amount of economic help the central bank is providing."

"Federal Reserve officials are preparing to slow bond buying and are divided over when they might need to raise interest rates as inflation bites."