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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: catflu2™ who wrote (167617)	2/9/2022 4:41:24 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 206719

Not long at all, I'm glad to hear your thoughts on this... For inflation to last, the velocity of the dollar has to be at least around 7.0 or more, right now the velocity of the dollar is only around 1.2 maybe it increased to 1.8 but still under 2.0, so real inflation can't really be sustained... Today's big inflation scare is mostly due to supply chain shortages and nothing more than that... There's still the problem of low level consumer confidence, it's at a 20 year low, so this means people aren't buying those new inflated prices... If this continues, then inflation won't last and the large retail stores will have to lower their prices back down because people aren't paying those high prices, they don't have the money... GZ