These statements about transitory inflation are bs, it is INFLATION!

UsualName said:
Hey, we’re allowed to disagree and sometimes I needle people when shouldn’t.

What I will say about the stimulus is that it was needed. It reversed a major downturn and kept high unemployment from becoming sticky. Long term it was the right move IMO.

Look at this recovery:

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If Biden and democrats pay the price because they are perceived as causing inflation then so be it. It’s not fair but has stimulus actions not been taken the outcome would have been disastrous. Sometimes you eat shit for doing the right thing.
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The argument as to whether stimulus was needed is a totally different one. Then there's the billions of fraud that came with it because it wasn't properly controlled, etc.

But Biden and the democrats will take the blame, fair or not. Personally, I believe it is fair, but that's partisanship for you.
 
Oof, some pretty good case scenarios for the medium term…

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Tsing Tao said:
And who came up with these percentages? Is it Punxsutawney Phil?
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Excuse me, it’s Barry Ritholtz. I think this more spitballing the percentages but the case scenarios are pretty good, IMO. I’d put me in the “Bad!” scenario. I think GDP is going flat to negative.
 
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