>>13794708inflation we got now is the massive hangover we're getting from the decades of low interest rates. all that free printed money though was used to buy up property and prop up businesses, and most of that money never ended up in general circulation so the general consumer has seen barely any inflation during this time.
interest rates go up, all that free money ended and all that extra cash that was basically in its own bubble is getting bought in bonds and everything else is fucking over from there. we basically just ripped the bandaid off and will deal with this for a few years to settle, but it was going to be much much worse later on and the pandemic hitting was honestly a blessing in disguise thats going to clean out a shit ton of zombie companies and gluttonous businesses that got addicted to the direct vein injection of cash