Name:   MartiniMan - Subject:   "Transitory" inflation at 9.1% Date:   7/14/2022 10:13:22 PM

That is 100% accurate.  The reality is that the Fed appears to want to channel their inner Volcker and raise rates to zap inflation and live with the recession consequences.  The diference today over 1980 is around $200T in more debt than back then.  They do this and Sri Lanka will be repeated in dozens of countries already struggling to service their debt load.  The reality is that years of QE have eliminated their ability to QT without dire consequences world wide.  But it was fun while it lasted and lots of Wall Street types made gazillions and politicians kept their seats.  But like most things, at some point the piper must be paid.