People, let's run an economy super hot during this crisis and see if we like it.

Before you say the word Inflation, Inflation, Inflation .....
Let us take a look and see how bad inflation has been this century.

Post-2008, PCE core can't even hold 2% while core CPI hasn't been able to break over 3% year over year once this century.

Personally, the inflation hawks that fear strong inflation growth are baby boomers and anti central bank people. Kids these days buy cheap stuff online all the time.

You can make a case that if we gave out $2,000 a month every month forever, core CPI would rise because shelter inflation would rise. However, the rent increases would eat into the DPI (Disposable Personal Income) Not sure one-time checks during Covid19 has that kind of power.

DPI which doesn't really go down during a recession has looked a lot better during this crisis. Guess what it should have it's a global pandemic, people.

Big time transfer payment this time around, guess what it did.

The savings rate exploded and still is higher today than before Covid19.

So, inflation is always growing. However, if you can't come up with a shortage of goods and services thesis. Then breakaway inflation during a crisis that has staying power, not that likely.

Always go back to what I said months ago. Coming out of a crisis, they will use data like this to say Inflation, Inflation, Inflation.... because this is who they're. They will never change; inflation is their blood lust topic; it is what it is. Personally, an odd choice

In time, after Covid19 is gone, things should move back to normal, especially if we have any production issues. Everyone can relax!

Just know that day is coming! Soon we will all be vaccinated and we can walk the earth freely again. Until then just chill about $$$ injections, it's all good, we are going to be fine. https://loganmohtashami.com/2021/02/05/the-calm-before-the-jobs-storm/