My bet is on double digit inflation and large numbers of unemployed or underemployed.
My bet is on double digit inflation and large numbers of unemployed or underemployed.
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Anyone who doesn’t think there’s inflation hasn’t priced steak at the grocery store recently.
As part of my job, I have access to current pricing of large numbers of basic chemicals and metals in various regions around the world. The increases in pricing since November are STAGGERING in almost every commodity. Not all.. but, I'd say more than 80%. In many cases, prices have double, or even tripled in just a few months.
The raw materials needed to make a car have increased >70% just in the past few months. Do you think auto makers are just going to sit back and watch their profit margins disappear? Hell no. Prices are going UP! And, it's going to be faster than anyone under the age of 50 have ever seen.