one thing that wonder about is what if we're not seeing inflation show up in many goods categories because of retail menu costs, but that is starting to change, and in a month or three inflation stats maybe look very differenthttps://twitter.com/sgodofsk/status/1450657636161134592 …
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Replying to @eigenrobot
simple model of sticky prices + the question of: will the kinks work themselves out faster than the prices can adjust? if yes prices don't go up, if no prices go up and eventually drift back down
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Replying to @AlexGodofsky
>eventually drift back down in the long run etc
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Replying to @eigenrobot
I suspect prices move faster in the downward direction when they can bc discounts are common and there's competition
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Replying to @AlexGodofsky
im just saying its optimistic to propose that we land in a position where market clearing prices are anywhere near where they were, anytime soon
9:30 PM - 19 Oct 2021
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