The Soapbox

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One factor that has held down inflation despite low rates and deficit

Spending is globalization. The resulting competitive pressure has limited pricing power.

That may now have run its course, though — and could even be reversing in some industries given political pressure to create more reliable supply chains.

Price stability also came at a heavy cost — it pressured the incomes of many blue collar workers in the US as tge manufacturing sector was impacted.
[Post edited by RickPerry at 08/21/2020 1:52PM]

(In response to this post by 111Balz)

Posted: 08/21/2020 at 1:45PM

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