<story><title>US inflation jumps to 31-year high amid global supply chain crisis</title><url>https://www.theguardian.com/business/live/2021/nov/10/inflation-picks-up-china-germany-oil-prices-surge-stocks-retreat-business-live</url></story><parent_chain><item><author>kerng</author><text>You miss the key point on why this is happening and will continue to get significantly worse.&lt;p&gt;What happens when the number of dollars approximately doubles in 2 years as it happened?&lt;p&gt;Do you think prices stay the same and everything is just 50% off?&lt;p&gt;Reality is that the current number is off by reality quite a bit, real number &lt;i&gt;has&lt;/i&gt; to be much higher. It&amp;#x27;s just math and the worst part... it can&amp;#x27;t be just reversed.</text></item><item><author>boringg</author><text>Hey everyone - we need to chill out for a second.  Stop buying the knee jerk reaction of the media trying to freak everyone out and get some good advertising dollars.&lt;p&gt;This is going to take until after the new year maybe Q1-Q3 timeframe to see if it is transitory.&lt;p&gt;Reminder: we had an unprecedented global supply collapse followed by shutdowns and border closures for more than a year combined with historic levels of fast moving monetary growth during that time.  We now have a situation of incredible levels of built up demand, a labor shortage and supply chain issues.  Not to mention significant amount of illness and deaths as a result of a pandemic.&lt;p&gt;There were bound to be second and third order effects.  The system needs some time to adjust.</text></item></parent_chain><comment><author>mywittyname</author><text>&amp;gt; What happens when the number of dollars approximately doubles in 2 years as it happened?&lt;p&gt;Do you think countries that don&amp;#x27;t use the USD will remain unaffected?  People keep blaming this on the fed &amp;quot;printing money&amp;quot;, but that logic only holds water when just the USA is affected.&lt;p&gt;Everyone is experiencing inflation; it&amp;#x27;s a global phenomenon.  Some countries have it even worse than the USA because their local production is getting redirected to the USA, where even higher prices will be paid.&lt;p&gt;In two years, things will very likely cool down globally.</text></comment>
<story><title>US inflation jumps to 31-year high amid global supply chain crisis</title><url>https://www.theguardian.com/business/live/2021/nov/10/inflation-picks-up-china-germany-oil-prices-surge-stocks-retreat-business-live</url></story><parent_chain><item><author>kerng</author><text>You miss the key point on why this is happening and will continue to get significantly worse.&lt;p&gt;What happens when the number of dollars approximately doubles in 2 years as it happened?&lt;p&gt;Do you think prices stay the same and everything is just 50% off?&lt;p&gt;Reality is that the current number is off by reality quite a bit, real number &lt;i&gt;has&lt;/i&gt; to be much higher. It&amp;#x27;s just math and the worst part... it can&amp;#x27;t be just reversed.</text></item><item><author>boringg</author><text>Hey everyone - we need to chill out for a second.  Stop buying the knee jerk reaction of the media trying to freak everyone out and get some good advertising dollars.&lt;p&gt;This is going to take until after the new year maybe Q1-Q3 timeframe to see if it is transitory.&lt;p&gt;Reminder: we had an unprecedented global supply collapse followed by shutdowns and border closures for more than a year combined with historic levels of fast moving monetary growth during that time.  We now have a situation of incredible levels of built up demand, a labor shortage and supply chain issues.  Not to mention significant amount of illness and deaths as a result of a pandemic.&lt;p&gt;There were bound to be second and third order effects.  The system needs some time to adjust.</text></item></parent_chain><comment><author>blagie</author><text>I&amp;#x27;m not sure that&amp;#x27;s the worst part.&lt;p&gt;I predicted about 2x inflation as a best-case outcome a year ago. Worst-case outcome would have been serious structural damage, in terms of business bankruptcies, lost jobs, lost mortgages, etc.&lt;p&gt;Unless we get into a hyperinflationary cycle, we came out pretty well, economically.&lt;p&gt;Our public health response, on the other hand, was and continues to be a disaster.</text></comment>