[than3]

Corporations are people, they wait for either the leading or trailing edge and then pivot. Before we had demand-pull inflation due to constrained supply chains, we are now seeing cost-push inflation, and its not about the pandemic spending as much as the Fed left the money printer on for the past 10 years under QE.

Chicken's come home to roost, and the pandemic happened after the Velocity of Money for the M2 had already dropped to nothing. Giving money to people and paying for their education was a last ditch effort after bank lending stopped in Oct/Nov 2019. The charts are all there for those that watch them.