Now we have high oil prices (not yet at the high) also with general (corporate induced) inflation, combined with an even greater separation of wealth. All things that point to a a recession again. But war is the variable here.
Massive, massive asset inflation, for those that own things - and the bigger and more you own, the more you have benefited, and then massive inflation in consumer/everyday products like food, energy and clothing and for those seeking to buy their first house, as well as renters finding out the rent is being jacked up rapidly - i.e. the people who can afford inflation, are seeing massive gains in their asset portfolios, and the people who can least afford it - are on the verge, if not already at, a disaster in the personal economic situation.
We are heading for a train wreck of massive proportions imo, best to get prepared if you can.
If we didn’t have existing assets like a house or quality cars we could trade in I don’t know what we would do. Just having two good salaries, a lot of cash, and high credit isn’t cutting. You need assets.
Why did the corporations wait for the government to print tons of money to decide collectively to raise prices?
The causality is not as simple as “governments printing money -> inflation”.
See, inflation would not be a problem if wages kept up with rising prices. But they do not? Why? Because profit and stock buybacks. Corporation are not paying you a fair wage based on the cheapness of the money they can get from the fed. Instead of keeping profit stable they aim at not raising your salary and keeping that profit so their company looks better and their stock price goes up.
I guess you still believe in trickle down economics?
https://www.businessinsider.com/corporations-using-inflation...
"Corporations are using the excuse of inflation to raise prices and make fatter profits," he said.
However, this is also correlated and reinforced with the actions of the federal reserve for a number of reasons.....