Strawberry Blonde's Market Summary: Inflation...Transitory Or Permanent? HINT: Bubblegum

* See UPDATES below...

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 projection could go up or down on a variety of modelling scenarios.

My 2 cents' worth...The days of buying "Dubble Bubble" bubblegum with FREE Comics & Fortunes for 1 cent during the 1920's are long gone...Check out Walmart's price now...

So, I'd say that inflation will keep rising over the coming months and years. The U.S. National Debt is not going to shrink or disappear; rather, it's accelerating, thanks to out-of-control spending by Washington and the White House. Check out the cost of bubblegum this time next year, and see.

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

By the way, at what level does inflation become a national security threat?

P.S.

Source: ZeroHedge

* UPDATE June 16...

The Fed seems to be waking up to the notion that inflation may not, in fact, be 'transitory' as they've been vigorously proclaiming for the past several months...although, "two rate hikes by the end of 2023" may be too little, too late.