>says Normal being 2-5%
>inflation being at 4% or above has literally not been seen in 40 years which was during an era called.... the great inflation
>even during the worst recession in modern times we were at 3.8% before being due for a correction
There is an issue here. I have no idea where you got the idea that normal is 2-5% since clearly it isn't where most years since 1980s we've seen 0-2% except for the periods that there was a recession or a bubble popping (dot com bubble, great recession, black Monday) which would more likely show that we're due for a correction ie crash soon.
Not to mention that you completely ignored the parts where I showed 1980s inflation rate is different than 2021s inflation rate. If you apply 1980's inflation rate to 2021 or vice versa, you'll see a drastically different story.
There's still the obvious issue that the inflation has not been stopping. Even in 2008, it "only" rose to 5.8% before quickly dropping due to the Great Recession. Whereas now, the inflation numbers are going past that level, and it's showing no signs of stopping, and it's safe to assume that sooner rather than later there will be some sort of disaster impending. Whether that be supply chain issues, real estate market going kaboom in CN, a looming endemic, student loans, etc there is cause for concern.
Something something, inflation is transitory. Billionaire's investments =/= economy just fyi.
This is just sad. Normal inflation is 2-5%. The Fed actually targets 2% and has had to actively stimulate the economy post 2008 just to achieve 2% (below is bad, not good). I’ve acknowledged in several posts that the current inflation of 6.8% is slightly above normal. That is a far cry from the media outrage directed at it. What is clear is that people have a political interest in making this a bigger issue than it actually is.