New Car Shortage and Housing Shortage + INFLATION
This is the transition phase where people are beginning to realize that there is something amiss and real income/value doesn't equal gross income/value.
Because the prices have increased before personal wealth/disposable income increased, the next phase will be demand for more wage growth to keep up; or consumption will fall off significantly.
This is the transition phase where people are beginning to realize that there is something amiss and real income/value doesn't equal gross income/value.
Because the prices have increased before personal wealth/disposable income increased, the next phase will be demand for more wage growth to keep up; or consumption will fall off significantly.