通胀会涨到什么程度? Transitory! Transitory! Inflation is transitory. When the disruption of supply chains restores, inflation will ease. Central bankers repeatedly said.
Transitory becomes a buzzword that was originally said by US Fed chairman J Powell, then repeated by chiefs of Bank of Canada and UK and Germany, and even my girlfriend said it often to me too.
The buzzword transitory seems embedded in my daily life.
Both my girlfriend and I have been WFH since March 2020. Reviewing the life and work I have been through since WFH, I am pretty proud of my achievements and work ethic. I completed a few WFH projects at home that I panned a long time ago but never put my finger out. I built up a new deck and a self-made shelter for the storage of garden tools in my backyard. I did an interlock in the front entrance of my house. The garden has never been looking so beautiful and thumbed up by our neighbors. For my personal well-being, I got a nice tan when working on my WFH projects, and I have gained more muscle and felt more energetic and strong day and night. Thanks for WFH.
Conversely, my girlfriend's WFH is not a good-looking picture, at least in my view or maybe some CFCers' views. My girlfriend felt good herself and said her working life has never been better. My view on her WFH is that I don't mind she glues on the screen to watch Netflix or trolling on CFC on community or international affairs every day. As long as she brought her paycheck in our bank account to pay the mortgage in time, I should have no problem with her WFH. For her WFH paycheck, so far so good and it will be good. However, her weight increases bother me sometimes because she has increased near 16LB since WFH.
I have warned her so many times to watch her weight. Her response has been always very simple: " Ah, It is transitory, my weight increase is transitory as a result of WFH. When WFH finishes, my weight increase will finish". Oh, my God, she parrots J Powell and Macklem's buzzword pretty quick.
Do you believe the weight increase will be transitory? and the prices of goods and services increase is transitory like my girlfriend's weight increase?
Do you believe my girlfriend's weight will be going down itself if she doesn't do anything even WFH is finished when we go back to work in the office?
Do you believe the prices will be back down to the prices (or close to) before VOVID-19?
My girlfriend's weight probably won't increase anymore as she expected when we all go back to the office. But I think the fats and meats already increased on her tummy will stay.
The same could happen to transitory inflation.
Anyway, I am planning my next WFH project while my girlfriend keeps doing her WFH project. CFC will never be short of trolling during WFH. The only thing different I have to do is switch off the night light in our bedroom when my girlfriend and I go to bed.