Is lower inflation "transitory" too?

The world [i]transitory[/i] is such a warm and fuzzy word. Like when the dentist tells me the pain will be [i]transitory[/i] when he pulls my tooth out.

But should this word also be applied to the lower inflation we have experienced over the past few months? Will food and energy prices start their ascent once again when the cold weather sets in and Europeans need to heat their homes, and the poor Ukranian harvest caused by the war starts to be felt? Will the monetary authorities remain committed to their 2% goal right into the teeth of a global economic panic, or will they blink? Will Jerome fold like a cheap suit?

Janet Yellen seems to have forgotten about the word [i]transitory[/i] too. Perhaps what she primarily cares about is that this [i]transitory[/i] period lasts until the mid-terms.

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irishmolly72 · 56-60, F

Looks like [u]dis[/u]inflation was transitory.

9/13/22
[image deleted]

Slade · 56-60, M

@irishmolly72 another great day coming up. But Biden belongs on Mt Rushmore

irishmolly72 · 56-60, F

@Slade
Boy, the way Glen Miller played.
Songs that made the Hit Parade.
Guys like us, we had it made.
Those were the days
Didn't need no welfare state.
Everybody pulled his weight
Gee, our old LaSalle ran great.
Those were the days
And you knew where you were then
Girls were girls and men were men.
Mister, we could use a man like Herbert Hoover again.
People seemed to be content.
Fifty dollars paid the rent.
Freaks were in a circus tent.
Those were the days
Take a little Sunday spin,
Go to watch the Dodgers win.
Have yourself a dandy day
That cost you under a fin.
Hair was short and skirts were long.
Kate Smith really sold a song.
I don't know just what went wrong ...........

Those Were the Days

Slade · 56-60, M

@irishmolly72 Good song. I'd just replace Hoover with Calvin Coolidge. Hoover sucked - just like his namesake

[i]Freaks were in a circus tent.[/i]

My favorite line and BOY does that apply!

irishmolly72 · 56-60, F

@Slade

At least there's this: Hoover fed more people and saved more lives than any other man in human history.

[quote]Hoover headed the American Relief Administration, which delivered food to tens of millions of people in more than 20 war-torn countries. Between 1921 and 1923, the aid he directed to the famine-stricken Soviet Union fed more than 15 million people daily. “Whatever their politics, they shall be fed!” he declared to opponents who accused him of aiding communism.

-History.com [/quote]

He had the balls to stop Stalin's holocaust and defied anyone to try to stop him.

Slade · 56-60, M

@irishmolly72 That is good. That was long before he became Pres. I know Coolidge thought him a tiresome know it all