Yellen mentioned: “I think I was wrong then about the path that inflation would take.”
“https://www.reuters.com/markets/us/yellen-says-she-was-wrong-about-inflation-path-biden-supports-fed-actions-2022-05-31/
From the article:
“As I mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t at the time fully understand,”
Most likely by now, most of us can understand that there is no simple/pain-free way back.
Here are two a chart that makes me consider this might be a new trajectory and that “leaders” from around the world might not understand or there might not be a clear interest stop on a multi-year / long term basis.
CPI and US Recession Bands since 1999.
Just I am trying to consider that this time might be different than 2000 and 2008.
Next, I will share the pricing of key stocks and sectors that are going great and others that are not!!
