To: TobagoJack who wrote (177469 ) 8/29/2021 7:49:45 PM From: sense Respond to of 217649 Saw, but don't remember where... a recent rebuttal from the Fed... They were saying... the "structural" issues are only some 20% of the economy... therefore... not only "transitory"... but of limited impact... "see, no inflation"... There is no obvious structural impediment to getting a haircut... so all good ? However... I own an older car... among those last few built without limiters of various sorts... so, not only a speedometer that reaches >150mph (240kmph)... but the capacity to do that... and sustain it until the fuel runs out. Were I so inclined, I could head to Southern California to rob a convenience store, and then star in a video showing me out-running the cavalcade of police cars chasing me down the I-5 , but not the news helicopter... for a couple of hours, at least. Not just news at 11, either... they disrupt the regular programming for that stuff in California... feature it in live broadcasts on the internet ? Not really sure why... ? Although, sometimes they do end badly... so, perhaps.. the modern equivalent of a bull fight ? However, currently, my get away ride of choice... is not fully functional. I can have it repaired easily enough... but, an appointment now... might have it get seen to be repaired in a month and half... and perhaps repaired... if there are no delays in obtaining parts ? Which there almost certainly will be... Also, the price of the repairs has gone much higher than it was... just not high enough to clear out the line in front of me... So, no hair cut for me ? Of course... I have other transportation... but, not everyone will... and you can't just hand wave away 20% of the economy as if you really didn't need it... and losing it will not have impact... or costs ? So, for instance: Trade % of GDP - United States and Others Some clearly will be more impacted by change occurring than others... the SDR's said to address that... still as if more money solves problems that aren't mostly about $ ? The U.S. is "just about average"... others may have larger impacts... or lesser impacts... not as a function of the %'s on the charts while assuming the changes occurring will have uniform impact... just because ? Those who do benefit disproportionately from change occurring right now... might in fact find that change imposed is "transitory"... and not a permanent elevation of potential... but one that is entirely reversible ? But, the impact on prices in the aggregate... given costs being absorbed to implement changes... isn't remotely the same thing as the impact in the structure of flows in the aggregate ? No one, other than the banks... is selling what they make at below the cost of production... just to help out ?