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Why is a Strike Quite Possible?
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<blockquote data-quote="Trucker Clock" data-source="post: 5411817" data-attributes="member: 70932"><p>So what do you think he means by prices won't stay elevated indefinitely? Sounds to me like he expects prices to go down.</p><p></p><p></p><p></p><p></p><p>There are plenty of people with long titles after their names, like Rosen, that say different. No offense, and don't take this the wrong way, like [USER=100309]@qdg2[/USER] does, but I have no idea what your credentials are.</p><p></p><p>And yes, I have seen some that say prices may not come back down, that they will just stop climbing so fast. Who is to be believed?</p><p></p><p>Here are just a few. There are hundreds more just like this.</p><p></p><p></p><p></p><p><strong><em>Alan Blinder, professor of economics and public affairs at Princeton and former vice chairman of the Fed</em></strong><em>, suggest that inflation will not last for years.</em></p><p><em></em></p><p><em>“One day, hopefully soon, food and energy prices will level off and the supply chain problems will dissipate,” Binder writes in a recent Wall Street Journal op-ed. When that happens, says Binder, ”...inflation will fall as quickly and dramatically as it rose. We’ve seen it happen before. In other words, prices could drop all of a sudden.”</em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em>Investment research firm <strong>Morningstar</strong> gives a more granular prediction, saying that prices will fall precipitously by next year.</em></p><p><em></em></p><p><em>So consumers can expect that this year will be the worst for inflation, with prices estimated to go down by 2023, according to the latest Morningstar research.</em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em>“Will prices go back to where they were in a pre-pandemic sense? Probably not,” said <strong>Michael Gapen, the head of US economics at Bank of America</strong>. “But is there room for some prices to fall fairly dramatically in the direction of where they were in the pre-pandemic era? I think the answer to that is yes.”</em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em>When prices do finally cool off, they’re likely to fall first among businesses that sell things followed by those that do things.</em></p><p><em></em></p><p><em>“The goods part of the economy should get relief faster than the services side,” said <strong>Gene Goldman, chief investment officer of Cetera Investment Management</strong>.</em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em></em></p><p><em>Most experts say you won't have sticker shock forever. Prices will eventually go back down, but it's going to take a while.</em></p><p><em></em></p><p><em>"This is well into next year," said <strong>CBS News Business Analyst Jill Schlesinger</strong>. </em></p></blockquote><p></p>
[QUOTE="Trucker Clock, post: 5411817, member: 70932"] So what do you think he means by prices won't stay elevated indefinitely? Sounds to me like he expects prices to go down. There are plenty of people with long titles after their names, like Rosen, that say different. No offense, and don't take this the wrong way, like [USER=100309]@qdg2[/USER] does, but I have no idea what your credentials are. And yes, I have seen some that say prices may not come back down, that they will just stop climbing so fast. Who is to be believed? Here are just a few. There are hundreds more just like this. [B][I]Alan Blinder, professor of economics and public affairs at Princeton and former vice chairman of the Fed[/I][/B][I], suggest that inflation will not last for years. “One day, hopefully soon, food and energy prices will level off and the supply chain problems will dissipate,” Binder writes in a recent Wall Street Journal op-ed. When that happens, says Binder, ”...inflation will fall as quickly and dramatically as it rose. We’ve seen it happen before. In other words, prices could drop all of a sudden.” Investment research firm [B]Morningstar[/B] gives a more granular prediction, saying that prices will fall precipitously by next year. So consumers can expect that this year will be the worst for inflation, with prices estimated to go down by 2023, according to the latest Morningstar research. “Will prices go back to where they were in a pre-pandemic sense? Probably not,” said [B]Michael Gapen, the head of US economics at Bank of America[/B]. “But is there room for some prices to fall fairly dramatically in the direction of where they were in the pre-pandemic era? I think the answer to that is yes.” When prices do finally cool off, they’re likely to fall first among businesses that sell things followed by those that do things. “The goods part of the economy should get relief faster than the services side,” said [B]Gene Goldman, chief investment officer of Cetera Investment Management[/B]. Most experts say you won't have sticker shock forever. Prices will eventually go back down, but it's going to take a while. "This is well into next year," said [B]CBS News Business Analyst Jill Schlesinger[/B]. [/I] [/QUOTE]
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