We keep an eye on the used car dealerships in our area, and the prices are outrageous.
Cars are going for twice what they are usually worth............
The Federal Reserve is intended to provide central control of the monetary system in order to alleviate financial crises.
But we’ve had well over 100 years of serious, constant inflation. Plus the Great Depression, which was a deflationary period. And things got crazy in the 70s under Carter. And 2007 was bad. And now this with Biden. We have serious oscillations in our money and it’s not clear to me that anyone is “alleviating financial crises”.
But, as a private corporation that is allowed to play with our nation’s money, I think the Federal Reserve Board is managing to enrich its members, so it’s all good.
We may indeed have a “breather”, as the author writes. But I believe the geopolitical situation will continue to degrade, and local, national, and global political instability will increase. Therefore I am not letting up on my preparedness one bit. Especially if things are going to be a little bit cheaper.
Perishable foods rot before they even get space on the store shelves.
Yeah. WHEW! That is a relief. Now with jab deaths on the uptick we can have the lower population, reduced carbon our betters have been dreaming about. Time for a GREAT RESET~ or not.
All they need to do is ease up on printing money, and get off people’s backs. How do we make that happen?
There is another supply shock coming in the next couple of months. Major ports in China are “open” but many port workers are either quarantined, or they are not going to work because they fear being “caught” in places like Shanghai.
Inventories might grow now...but later in the summer we will be facing the same mess we saw last year. This will cause inflation to “stick around” for a while on a retail level.
If we do not get a handle on the energy costs, this is going to compound in July/August.
> I guess everything is okay now.
Yeah, it was “transitory”, but the prices will never come down again. We’re on a new permanently high plateau.
Nice article!
Sound analysis.
Thank you.
Good information. Thank you for posting.