“The. Fed has been increasing the money supply at 38% yearly. Guess where inflation is going.”
It will go almost everywhere.
1) Real estate- Historically the most speculative or inflationary instrument.
2)Stock Market- Historically the 2nd most inflationary instrument.
3) Bond Market- Historically more stable than real estate or equities, but less growth.
4) Pricing on short term durable or non-durable goods- inflationary pricing is so marginal, it really doesn’t matter.Nobody goes broke because a rib eye steak went from 7.99 to 16.99, they just stop buying the steak.
The current inflation is also not just a monetary phenomenon. Producers are raising prices because “they can” and our supply chains are completely unsustainable.
We have too much overpaid unproductive fat in the United States. This Country needs a diet program.
I’m a manufacturer, if I raise prices- the customer has choice “buy or don’t buy”- So far they’re buying at least through September.
Historically the number one cause of inflation is bloating the money supply. There are plenty of local things which will make waves but inflation is the tide.