The current spending probably has little effect now
Posted on: March 7, 2022 at 10:23:06 CT
meatiger MU
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since little of that money has probably even been spent. it will not be helpful at all, but the current inflation issues are a combination of.
1. Trade wars
2. COVID
3. COVID spending
4. COVID supply chain disruptions
5. COVID oil demand crush, supply lost, and demand recovery
Biden has done little to help soften any blows, and probably helped it along with all of his COVID crap stuff.
Now, we have global war/crises to pile on further.
The Fed is finally starting to act, but too little too late as usual.
High prices will stimulate production where it can, but with many restrictions and still supply chain issues, it will last longer than it should.