[paganel]

As far as I can tell it’s mostly related to the increase in the money supply that was generated/caused by the strict Covid measures, I’m talking both about the US, through the Fed policies, and Europe, through the ECB policies.

That increased money supply was at first not really felt because of the decreased money velocity caused by lockdowns and restrictions, but once things started getting back to “normal” in terms of lockdowns and travel restrictions and all that then money velocity got back closer to its pre-covid levels, and coupled with that increased money supply left us in the current situation.

Of course, the increased money supply is not the only explanation, there’s also the war in Ukraine which has put a tremendous pressure on energy prices, plus the supply crisis, but imo it’s still one of the main causes of what we’re going right now.

[palata]

Right. Yeah it seems to make sense that a pandemic followed by a war would have an impact on the economy :-/.