Doc and address a comment made by Silverdollar last week. The comment is below but the general focus is on where actual/sustainable inflation will come from. There are a number of factors that really make you scratch your head.
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Here’s the comment…
“Can’t really understand where price inflation would come from. Vehicle sales are falling along with prices, both new and used. Household debt is already high. Crude has moderated and fallen to mid-forties. Wages aren’t climbing steeply. Competition in groceries is supposedly dropping prices. Retailers can’t keep their doors open. Housing is healthy, but formation of households isn’t happening. 40% of 25-35 young people are living with parents because debt and crappy jobs don’t give them the income to strike out on their own. Can somebody enlighten me on the subject?”