Second Stimulus - Second this, but would add that there's middle ground. In many series there's been an obvious deviation from trend brought on by stimulus and/or pent-up demand. At least some of that will revert. But if the remaining trend is beyond supply capacity, inflation will still persist. https://t.co/xiUvilzRYE

1:54am PDT - October 26th, 2021

Second this, but would add that there's middle ground. In many series there's been an obvious deviation from trend brought on by stimulus and/or pent-up demand. At least some of that will revert. But if the remaining trend is beyond supply capacity, inflation will still persist. https://t.co/xiUvilzRYE

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Tom Graff (@tdgraff)