Because in real terms (adjusted for inflation) you literally are poorer, with pretty much each passing day.
You may have noticed that portion sizes are down throughout the grocery store. For instance I bought a package of cookies the other day for the first time in at least a couple of years and was surprised to find that there was a lot more packaging and way fewer cookies than there used to be. Way fewer cookies. But the price was roughly the same or even perhaps a bit higher.
Did the “central bank for world central banks” really say this?
Don’t be. Government reporting tricks will make it all better.
There are a number of factors here which have converged.
What he did in Israel does not look good.
That is what some observers expect as a first step.
Here’s what a top Wall Street analyst says.
If all the “excess reserves” the Federal Reserve has created over the past 5 years were to move from the banks and into the broader economy there is the very real possibility of significant inflation, perhaps more significant than we have known in the modern era in the United States.