This bank story only matters to me for what it portends about the future. More honestly, it begins to confirm Tellafriend and my forecast.
A thought that revisits me daily is that every business is using present inflation as “cover” to raise prices on their goods or services. Higher prices equal better profits. Higher prices and smaller packages lol.
Inflation isn’t going to be transitory by anyone’s definition. Nobody has any notion of the 70’s and 80’s which allows for behavior which guarantees a redux of that period. It’s magical how short and longer term cycles work. It is very much human psychology at play.
Being an autistic iconoclast gives me super powers