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Politics : Formerly About Advanced Micro Devices
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Bonefish
To: Qone0 who wrote (1471754)7/23/2024 3:34:42 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1572208
 
Qone0,
A example of this is the price of oil. As the pandemic got underway. The demand for oil got out of balance with supply. Demand cratered, then supply as the price was too low to support the size of supply. Then demand came back and supply was out of balance. The result was a huge inflationary spike.
The volatility of oil should not have resulted in inflation. Oil prices go up, oil prices go down. It's been that way for decades, yet inflation always remained at or even under 2% until the pandemic.

The real reason is because the pandemic itself represented a much bigger shock to the global economic system than anything else in modern history.

In short, the system couldn't absorb the shock. Inflation was the result.

We are finally emerging from the inflation caused by the shock, but don't tell Brandon. He still thinks he caused inflation to come back down simply by making his way to a podium all by himself.
I did notice that not one trumpster even attempted to answer.
They don't have to. Brandon (and Brenda) owns inflation.

It's up to Brenda now to spin the inflation story in a way that satisfies her base and takes the "Drill Baby Drill" narrative away from Trump.

Tenchusatsu
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