Tim BooOOooOorga on Mythryl: “wow i blacked out for a minute, what happened”

what's going to make this cycle especially fun is that the fed's primary tool for controlling inflation (interest rates) will be less effective because elastic consumer demand has been surpassed by inelastic tech borrowing

Steve Rattner@steverattner.bsky.social

Headline inflation is up again, as expected given the ongoing energy crisis induced by the Iran War. Equally concerning, core inflation is up too, indicating that high energy costs are beginning to bleed into everything else.

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