Inflation or No Inflation?

Factors for Inflation:

1) Pent-up demand

2) Stimulus checks

3) Supply-side crunch

4) Fed's influence in managing expectations

5) Gov expansionary fiscal policy

6) Student Loan Forgiveness

Factors for No Inflation:

1) Inflation will be imported to other country as US buys more overseas goods

2) Employment situation is still not at full capacity with exceptional rise in income level

3) Inflation data that we have seen is due to low base effect and is transitory. Consumer will reduce consumption after covid situation eases.

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