Inflation - Transitory Or Permanent? Hint: Bubblegum

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • Jun 12, 2021 at 11:30 PM EDT

The big takeaway from the question/study of economic inflation theory seems to be ... it could go up. Or down.

I don't wish to be rude or flippant, but it seems that the big takeaway from the question/study of economic inflation theory -- Is it transitory or permanent? -- is that:

Economic theory is irrelevant.
There are factors affecting inflation.
But these factors are unpredictable.
So, inflation could go up or down.

My 2 cents' worth...The days of buying "Dubble Bubble" gum with FREE Comics & Fortunes for 1 cent during the 1920's are long gone...therefore, I'd say that inflation just keeps on rising.

Bubblegum...a good inflation gauge, no? 😏

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