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Deglobalization = reduced supply without as much reduced demand = increased prices
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Demographic shift toward retired people (massive in china, korea, and europe, moderate in the usa and elsewhere) = increased percentage of people who are consuming but not producing = increased ratio of demand to supply = increased prices
For me, everything else is just noise. Covid and qe certainly accelerated the shift into an inflationary environment but it would have happened anyway and borders reopening and qt won't solve it.
The past 40 years have been remarkable in terms of high growth with low inflation. Now we're in a paradigm shift and the next couple decades are going to be rocky. Better to accept it and prepare accordingly.
Submitted October 14, 2022 at 06:44AM by DoItYrselfLiberation https://ift.tt/EndDOqA
