re: #120 Belafon

We are nowhere close to those conditions. Let me know when minimum wage job salaries are growing at 5+% per year.

Wages are a small component of inflation, and may never grow that quickly in the US given increased automation and globalization. Wealth for people in the market or in real estate is growing that quickly. I agree that we’re not there yet, but there are some concerning developments like lumber and copper prices trading at all time highs.

CPI hasn’t budged much yet, but at this rate of growth and stimulus there will be at least a short term spike. The question is what happens once the stimulus measures expire and how the FED reacts.