Inflation made simple: More money More problmes
ru.tradingview.comSharp , strong, "back to normal", unemployment spiked to unprecedented levels and went back to a fast recovery. A while ago I published an article about the disconnection between the economy and the stock market.
Several articles pointed out the inflation issue, at the time it looked like something that was neglected and even ignored. The Fed called it a "transitory" inflation .
The Fed is responsible for watching over inflation and employment. This Fed has disregarded the inflation issue. Magic doesn't simply occur.
After the economy stalled due to the virus lock down, the oil tumbled, the stock market wiped off the gains and took it back to 2016 levels, the unemployment spiked, and there were two emergency calls, one to put interest rates to Zero, and the second to increase the debt ceiling to unprecedented levels.
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