Supply chain prices have been increasing since covid as supply shut down and takes far longer to restore than demand. Just like certain parts of inflation (lumber) shot up in 2020 when demand went through the roof as everyone started working on projects (including things like outside offices for working from home)
Housing prices in my boring-ass nothing of a city were up like 30% over a two year span, before the war started. Asset inflation had been going nuts for years before it happened. Before Covid, even. Practically since the we started to dig out of the '08 crash.
Thanks you, +1. If we don't take responsibility for our own problems, to me that spells trouble.
I don't intend to pile on against President Biden, but his recent speech before the labor union sounded like a kid blaiming the dog for eating his homework, when he never did his homework.
I will probably make a bunch of people here mad at me, but there is so much to blame on both political parties. Putting Wall Street's and the War Industry's interests unapologetically before the American public's interests can only go on for so long before everything crashes.
While I agree with you, my family and friends seem to be divided up between the democrats and republican camps, and mostly think that their bubble/tribe can do no wrong. I find this frustrating.
Has the Ukraine war made the inflation problem worse? Yes. Did it cause the problem? Absolutely not!