My guess is, we are in an inflationary-recession right now. The markers include: a majority of bankruptcy filings are in the discretionary sector, the bad consumer sentiment numbers, declining property prices, high property inventory, the (high) services inflation, the lack of borrowing at a “sufficient” rate (it is just 2.5%, vs the likely minimum-required of 5%), and the insufficient personal income. Other markers include the 3-month plunge in copper prices, the more recent drop in crude oil and gasoline, and this week’s falling short-rates – as money races into short-term Treasuries. I believe inflation is due to widespread spike injury plus absurd government spending, while the recession may be caused by real worry about the future. Inflationary recessions are not very common.
How can vax injury cause inflation? Here’s my model. Energy = civilization. When energy gets a lot more expensive “suddenly”, that’s inflationary (1970s). A skilled workforce also = civilization. When you injure and kill the skilled workforce “suddenly”, it’s just like imposing an Arab Oil Embargo. No energy = stuff stops working. No skilled workforce = stuff stops working. Inflict either one – that’s inflationary.
