Earlier quoted context omitted.
You don't want to build a huge factory if you believe the market might deflate suddently. A lot of industries got bitten by greed and the sudden deflation of demand and huge unsold inventory post COVID. The reality is the market was overly and abnormaly inflated and consumers who bought the stuff during COVID period were equipped for the next ~10 years in stuff like sporting goods and had no reason to buy new items i…
> A lot of industries got bitten by greed and the sudden deflation of demand and huge unsold inventory post COVID. I’m betting that the world is about to hit a wall of inflation. https://i.ibb.co/s9Mm8w2r/IMG-0743.jpg This is a graph I made. It shows: * the inflation rate from 1971 until 1991 * the inflation rate from the start of COVID 19 until today. Does anyone notice anything interesting about the graph?
Cherrypicked dates? But I'd like to hear analysis comparing the Nixon shock to the covid shock since one was monetary and one was supply and demand.