The Return to a Deflationary World post COVID: Eric Basmajian
Inflection Point
00:00
Supply Chain Disruption
Pippa malmgran talks about a kind of the psychological component of inflation. What's happening is corporations, corporations that have more pricing are trying to pass these these prices along and were seeing a rise in the consumer price index. But what's not happening is real incomes aren't rising. And as soon as real income growth started to decline, well what happened? We started to see this real cyclical down turn in the economy start to begin. The atlanta fed, just four weeks ago, had c three g d p at almost six and a half%. As if today, it's down to three, three point six. All that's a function of real incomes not being
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