This morning’s PPI suggests inflation has peaked.
This morning’s PPI suggests inflation has peaked
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Or, merely plateaued before the next gap up. It’s really hard to imagine any “peaking” when Biden and his climate Nazis continue to push up the price of natural gas and oil. Until the administration reverses course and, in order to make up for lost time, starts subsidizing the expedited completion of pipelines, drilling and fracking, I wouldn’t be too optimistic on any “peaking”.
One report of declining increases don’t make it go away. We will be on this cycle until Crypto goes bust and SPAC offerings go away. Have to clean out the folks who are leveraged on margins.
Market has to correct more and it won’t be over until the democrats are defeated in November and then 2024 with a new president.
Sure, the inflation rate has probably peaked - and will return to somewhere between zero and 2%. It's just that the new, high prices will become permanent.
Many people confuse the year-over-year inflation rate with a measurement of prices, and assume that if inflation goes back toward zero prices will return to their previous levels. No, that would require a significant period of disinflation. This does not seem to be on the horizon.
Has Washington stopped printing money and has the government stopped spending money? I did not hear any news on those fronts.