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I keep thinking sell now, and make purchases sometime in the future when prices fall back to normal. Thing is, there's no telling if this inflation is temporary, or baked in. Deflation is uncommon and generally avoided because it's worse than slight inflation.
While I was hoping prices would go down, I'm increasingly doubting they will do so. Once you start paying kids $18/hr to work at McDonalds, they aren't going to accept working for $10.
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