Generally impossible to know exactly
Posted on: May 8, 2023 at 09:42:32 CT
meatiger MU
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which is one of the problems with these questions, and lead to biases.
My personal opinion, is that the massive COVID response set us up for where we are at, and Biden has done nothing to curb the issues, and maybe exacerbated it.
The Fed is doing stuff now, but likely an over-reaction that will cause the swing the other way, although I tend to be an optimist that it will not be as bad as unemployment and wages are good.
One thing is to look at how excess money is being spent, much of which is around vacations and travel, and those industries are booming right now.