Annual inflation rate slows to 2.9% in July, lowest since 2021

[BumRushDaShow]

7. Well yeah

I have posted over and over that what happened in 2020/2021 had not happened since 1918 (when there was a pandemic, a war, and extreme weather events - in that 1918 case, extreme cold), and none of the economic "models" of today were able to handle the freaky shock (and the creators refused to adapt them to do so).

So month after month, year after year, it has been nothing but swings and misses. It's only been in the past couple months when the gigantic shockwave has finally started to settle, and model prognostications are improving.

Dealing with that "perfect storm" of events in this manner is unique and has been contrary to how similar was handled in the past.

I think history shows what did happen after that 1918 "shock", leading to the "roaring '20s" and it behooves not to make the same mistakes that were made back then (although in the aftermath of the "Great Recession" of 2007/2008, attempts were made to address that type of thing, even with the GOP trying to chisel those safety features back).