this post was submitted on 21 Sep 2023
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I think if you extrapolated from 2019 with a 2% inflation rate extended to 2025 or 2026, and managed to intersect with that, it would be kind of good, but I don't know if you can without some harm somewhere. You have a very real disruption in the pandemic, followed by a large land war in Europe.
However you cut it, there is some pain to be spread around. It just seems that the Billionaires won't be feeling any of it.
Still, a "soft landing" still might be kind of do-able, I wouldn't be adverse to a few years of 1% inflation in the CPI with 2% pay raises. But macroeconomics is hard at the best of times. Hey, how about those housing costs?
Check out the data. The housing market crashed in 2022. It'll take a couple more years to find the bottom, no doubt, but the problem is basically solved.