Eh depends on the industry. China is a big mfg for sure. Not sure what that had to do with my point tho. I was talking global.

Well this is an incomplete take. That is but one factor, that helped drive demand. Through most of the last two years, we've been producing at unprecedented rates.

It's really a perfect storm of stimulus being slightly overdone, as a result demand being through the roof, while supply chains are intermitantly in dissaray, and labor shortage due to lack of immigration and periodic covid lockdowns and outbreaks in the workforce. Plus so many retired early as a result further creating a labor crisis. All that futher compounded by the rise of IoT and lockdown markets driving demand higher on tech. Everything needs a chip yet chip production was still 10 years behind.

Lot of supply side inflation here. Thats why interest rate hikes are taking such a long time to take effect, its an indirect way to impact the situation.

Appreciate that I'm not the only one that sees the hypocrisy in reddit echo chambers. That being said do disagree slightly on the first part, think the initial response was warranted until we had more data and vaccines. After that we should have opened up quicker.

I’m not making the point that needs sourcing lol. Also not sure how linking something is a validation if anything. If you link garbage it just makes you sound silly

But here since you like links enough to make a pointless passive aggressive comment. And clearly have nothing substantive to add to the discussion.

https://youtu.be/dQw4w9WgXcQ

Hey it’s easier to downvote with zero economic knowledge and just believe in your feelings instead.

I mean come on. Isn’t it obvious? Companies just decided to charge more money because they wanted bigger executive compensation packages, and consumers are so on board with this that we also decided to buy at record rates. 🙃

So no it’s not. Chicken/egg implies causation. All you have is correlation.

EPI is a sus source to link cuz it’s very left leaning in its bias. Probably why they essentially ignore or failed to mention record demand levels. Which would correlate and in many cases cause record profits. With or without an inflationary environment.

What causes record demand?

Why do you think this? This is not how economies work. It’s a fundamental misunderstanding of what inflation is and how it is caused.

Inflation in this cycle is driven by supply side constraints largely, as well as too much stimulus through Covid. Behind that is a labor shortage due to a slew of factors.