I have a Twitter account, although I only follow about five people with it. One of them is Mohamed El-Erian, former head of PIMCO's bond funds, now president of Queen's College at Cambridge University. I think when it comes to economics he is pure dead brilliant! He's been saying that inflation will NOT be transitory for months, and the data coming in seems to support his arguments. It looks like we're in for a few tough years. Hopefully this opinion article from the NY Times is correct: https://www.nytimes.com/2021/10/08/opin ... ation.html
But here’s the truly frightening thought for frustrated Democrats: This might be the high-water mark of power they’ll have for the next decade.
Democrats are on the precipice of an era without any hope of a governing majority.