Those were definitely drivers for the inflationary spiral in consumer goods, but we've had massive inflation for a long time; ever since QE started. It's just that the inflation has been relatively hidden in speculative assets (homes, equities, crypto).
The parent is correct in their assessments of the market and the transitory inflation. TBT and TTT were no brainers at the start of the transitory dialogue because everyone knew it wasn't.
You're on point here. Your analysis will be wasted on the dunning-kruger comment you're replying to.
Apparently Larry Summers, probably the greatest living former treasury secretary and architect of the only balanced budget in my lifetime, was "lucky".
The parent is correct in their assessments of the market and the transitory inflation. TBT and TTT were no brainers at the start of the transitory dialogue because everyone knew it wasn't.