That's good, but gas and groceries are still up since the war began. The fertilizer shortages are affecting food production and 60% of U.S. farmers say their finances are getting worse. Even if the Strait of Hormuz is opened today, the global effects will be felt for some time to come.
You know greed existed both before and after the war. If greed is what is causing inflation then why weren't prices higher then? Why don't they charge $1Mil for a bottle of water? Greed is constant. The factors of the game are what change and makes prices go up or down.
The other reason why these numbers won't go back is because of AI. We have power inferstructure pushed to its limits in many parts of the country because of the increased demand. If that stressed system increases the opportunity costs anywhere in the country, it raises prices everywhere in the country. You can't have a bottlenecked system without prices going up.
The war was also a chance to break from the pre-war sticky prices and re-price energy for a post-AI world.
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Gas is down nearly $.50 a gallon where I live from just a couple of weeks ago.
So much for that theory.
That's good, but gas and groceries are still up since the war began. The fertilizer shortages are affecting food production and 60% of U.S. farmers say their finances are getting worse. Even if the Strait of Hormuz is opened today, the global effects will be felt for some time to come.
Greedflation.
You know greed existed both before and after the war. If greed is what is causing inflation then why weren't prices higher then? Why don't they charge $1Mil for a bottle of water? Greed is constant. The factors of the game are what change and makes prices go up or down.
The other reason why these numbers won't go back is because of AI. We have power inferstructure pushed to its limits in many parts of the country because of the increased demand. If that stressed system increases the opportunity costs anywhere in the country, it raises prices everywhere in the country. You can't have a bottlenecked system without prices going up.
The war was also a chance to break from the pre-war sticky prices and re-price energy for a post-AI world.
I am sure that AI Data Centers are a factor. But greed has always been around: https://youtu.be/aBsrQ0n90MI