Inflation Caused by Excess Money Printing, But Relief in Sight as Job Market Strengthens
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Inflation rises from excess money creation by central banks, not an overheated economy. The Fed stupidly created too much money during COVID lockdowns.
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Inflation will fade as money creation by central banks has been zero for 2 years now. The Fed's 2% goal is a done deal, just not in the numbers yet.
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September job numbers were strong, stocks rebounded. Wage increases follow inflation, they don't cause it.
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The Fed has no clue what it will do. Powell said 75 basis point hikes were not coming, then did three in a row.
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We're nearing a Goldilocks economy - solid job market, moderating inflation, decent growth. This stock slump sets the stage for the next bull run.