US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.
While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.
The bubble will burst eventually, it’s just a matter of when. Unfortunately it’s not next week.
Yep, then enter goverment “action”, the regular news cycle and then once everyone calms down shit will just go back to business as usual until the next bubble