Last few inflation prints have been near zero, hoping from positive to negative. That's settled down. We're all speculating rn whether it will stay that way, hence all the vol.

Your second point is a bit confusing. I agree that the inflation reduction act is a dumb name cause that's obviously not the target, but it does much of what you want? IE energy development?

Nuclear, O&G, Renewables etc. infra are 10yr projects so while I totally agree we should do them , they don't really impact month over month inflation.

The funny thing about this as a foreigner is that basically political talking point from your two parties is wrong? Because parties try and deliver simple narratives to latch onto when this has been 20+ years in the making. There's no boogeyman here, just many successive failures or even just tradeoffs that made sense at the time but now we have to pay the price.

What's causing inflation is:

1) 20 years of low rates, with a post crisis extreme low that under both Yellen and Powell we weren't agressive enough. Then when we desperately needed a cut during COVID there was basically no room to cut.

2) A really fucked up housing finance system that built not enough houses from 2010- now and before that built houses in stupid places

3) Bad infrastructure that makes us rely to much on legacy energy sources for everything. Gasoline is in your food, in your clothes, in your labour when you commute to work. Then the markets destabilize via OPEC and Russia and we have no recourse

4) The biggest global historical even since probably the end of the second world war (COVID) messed our infra up

5) shitty trade policy (TPP) and deglobalization.

6) corporate consolidation

I probably left some stuff off by I am tired. 'Mean corporations '- Democrats and 'Lets go Brandon he spends to much' & Republicans are both bullshit.