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Is It Inflation or Not?
Inflation is now high again, as it hasn't been for decades. And we're starting to see things like mortgage rates go up and home prices get underwritten in a new way. So where does the detachment occur, in your opinion? Well, because that isn't actually inflation. This isn't due to money printing. But what you see ever since last year, is the us. Dollars exchange value going up against almost every currency. Because it wasn't money that was printed. Was simply a supply shock.And this is going to end predictably in something like a contraction or recession. It was never inflation to begin with. It was small the economics of a supply issue.