Let’s be nice and say that the money supply has tripled since 2020. Prices have risen by about 30% by now. Which means that the inflation will be here for quit a while longer. A simple case of too much money chasing too few assets. I expect the prices for the basic necessities like food and rent will more than double before we reach the end of the transitory phase.
Inflation is really ALWAYS transitory. Many people think that even the universe is transitory.
So enjoy while the upcoming Weimar fuckfest runs its course.
What’s the usual pattern?
Denial. People flocking together because group-think and greed. (Hyperinflation? You must be mad! Just look at the stock market! Or Bitcoin!) See the Bloomberg and NYT bullshit.
Bargaining. The realization moment. The moment stuff hits the fan. Starting to happen now. People finding excuses for how they were FORCED into this (and why they need a bailout/preferential treatment) and/or why it all is not such a bad thing. The usual TINA stuff. See the link to the Bloomberg and NYT drivel. Extracurricular question: How come oil is still payed for in dollars?
Anger. Difficult questions are gonna be asked. “Who the fuck let this happen?” Usually asked by the very same people letting it happen in the first place. For the definitive answer, we will have to wait to see how the social media circus is gonna spin this one. They will try to convince you it is some “foreign power” if you are the kind of social sucker that social brainwash networks prey on.
Depression. The amplitude of this phase is directly proportional to the amount of previous over-monetization. Expect a visit from the nice people of the IMF to help you out of your troubles.
This time will be just like last time or the time before that. Oh wait, there is a difference, this time will be bigger and better!