Re your:
“Calling for deflation here, has to be the ultimate contrarian call….but I just don’t see it….u had/have the money printing, now u have the energy explosion and over here at least, we now have serious wage demand….doctors want 30 %, others 15 % etc….plus they can’t raise rates beyond 5 % tops…”
Comment: If I remember right you are in the UK. The suddenly higher prices might mean they were under priced from manipulation low payouts from insurance etc. So they are upward corrections. Not extra demand push.
If things get OVER priced with low interest rates they can correct lower. But in general, if stocks and real estate gradually replaced money supply, ie bank accounts, and if those prices crash, a lot of people will lose a lot of money, and that would be or should be deflationary. Not FDIC insured.