Inflation here? gas/grocery prices just continue to climb

efil4stnias said

well we dont have unusually high unemployment as of yet so maaaaybe we stave off full blown stagflation?

I think its all a matter of timing with each "cycle" - ie if the unemployment cycle stays relatively flat or minimal increase for next 6 mo, we can absorb somewhat of the higher inflation ( its own cycle ) til we get to the other side of the supply/demand issue. ( another cycle )

But if they all merge...watch out.

Click to expand...

It's been a long, long time, but somewhere back in the past I have an MS in Economics and even an MBA, but what we have going on now isn't really the same I don't believe as what we called stagflation. I mean, we have zero unemployment, but the whole world and conditions are so different and we've become so adept and addicted to expansion and debt I can't make heads or tails of it.

Real academics are going to be inventing new terms as this shakes out.