Gzz, I really don’t get the point of this thread or your remarks. Just who are you claiming are inflata-doomers? Sure, there’s tons of click bait on the web about inflation going crazy. There always has been. There’s still more click bait about about everything you can think of. (The markets are going to crash every day if you follow some of the headlines.) Do you take this click bait as being representative of the MSM? How do you come to the conclusion that all the people posting click bait or trying to spread inflation doom scenarios have stopped? Maybe more importantly why are you angry about this?
From my daily intake of MSM I see healthy discussion about whether inflation is transitory or will last. But in the MSM I mostly see articles about how in the last couple of months inflation has been higher than expected, but interest rates have continued to fall, so it’s a bit confusing. Overall, from the MSM websites that I visit I don’t see much more than a bit of concern over the situation. And more I see people reassuring that this inflation probably won’t last. (Personally, I have no idea either way, which is why I started the thread asking if inflation is transitory.)
What’s more, I’m not even sure why you care that actual data came in different than expectations. Whose expectations? Not mine. Why should I or anyone care about that? Doesn’t data come in different than expectations all the time?
And as a last comment, I’ll just suggest that you shouldn’t start waving the victory flag after one months data.
