Inflation is outpacing wage growth. If US metrics really aren't catching the full amount, we are looking at either a scary hyperinflation event, or more likely the Fed having to slam the breaks on the entire thing hard (and a resulting recession). I had been thinking that much like the post 1919 epidemic, with job openings and optimism, we could be set for a Roaring 20s type good times after the worst of the pandemic. But if this article is correct, we could be looking at several more years of economic and social misery (the inflation alone if the article is correct is enough to send the Ds into the wilderness for a generation....or at least until the Rs, as the always do, mess up).
Shelter accounts for about a third of American household expenditure, and the cost of buying or renting shelter is up nearly 20% over the past year. Yet the Consumer Price Index (CPI) for shelter reported Jan. 12 by the US Bureau of Labor Statistics showed an increase of just 4.2 over the past...
asiatimes.com