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Tuesday, November 30, 2021

Team Transitory" Is Dead After Powell Says "Time To Retire Word Transitory Regarding Inflation"

 https://www.zerohedge.com/markets/team-transitory-dead-powell-says-time-retire-word-transitory-regarding-inflation#comment-stream

Remember when clueless macrotourists  and worthless econo-hacks who have zero understanding of actual economic dynamics spent miles of digital ink convincing their tiny echochambers that they were right and that inflation was transitory (or rather, desperately scrambled to mask their utter lack of grasp of even the simplest concepts):

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Anyone who thought it was appropriate to print and spend $5 trillion to make up for $1.25 trillion of lost economic activity due to the virus and/or shutdowns, is either an idiot or evil. Take your pick..

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