Buyer’s Strike In America: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans

Soaring prices are severely impacting both corporations and consumers, and the U.S. inflation rate is raising major concerns in the financial sector. Recently, even the Bank of America openly admitted that the Federal Reserve is wrong - we are not facing a period of transitory inflation, but heading an unprecedented era of higher prices of everything. Deutsche Bank analysts also seem to agree, recently the bank warned that “policymakers will face the most challenging years since the Volcker/Reagan period in the 1980s“. But all of these warnings did not spook the Fed into conceding that the economic deterioration caused by high inflation and lower purchasing power isn’t transitory. According to several economists, the reason why policymakers do not acknowledge the long-term consequences of inflation is because they’re considering such higher wages will be permanent - and higher wages are equal to higher purchasing power. However, these assumptions are terribly wrong. Companies paying higher wages for their emp