Time to buy some gas and oil ETFs...
Of course the collapse in demand will likely limit the gains....
Time to hoard your commodities... well, it was time to start that years ago. :)
I wish I could have hoarded sodium hypochlorite (liquid chlorine) for the pool a few years ago when it was 1/3rd what it is now.
And the masses will be too stupid to understand everything caused by the dems leading up to it.
They’re trying to scare the $$$$ out from the corporate mattresses. Business is holding on to Trillions because they can’t invest it in growth right now since we have pinheads running the government.
So the pinheads are trying to stir up fears of inflation in an effort to scare the businesses into letting go of their money. But here’s the problem. So long as consumer confidence is down, demand is down. That is anti-inflation.
"Further action is likely to be warranted unless the economic outlook evolves in such a way that makes me more confident that we will see better outcomes for ... inflation before long."
In the minds of our masters, inflation is good.
Doom on them.
...hold on to your hats for higher food prices...I noticed that Walmart has done away with ‘rollback’ grocery specials at my local store...another sign of the times: my favorite Chinese restaurant has new pricing on the menu.
Inflation helps those who are in debt over their heads (they pay back debt with worthless moeny), those who charge to the hilt, and those who live irresponsibly.
In short, Obama is sticking it to the middle class and helping the irresponsible. It's a different way to do redistribution, but just as effective.
Many of us for years have imagined a future of extreme austerity. It has been a long time now, so I can't understand why there are still people who have mortgages they couldn't pay off if they had to, any debt except maybe a car loan, and have put themselves in a situation where they can avoid expensive repairs, etc. Go to your local dollar store and figure out which foods are healthy and cheap.
Anyone who has prepared properly might finally be able to get ahead somewhat if interest rates on savings skyrocket and they can figure out which things in their lifestyles are actually luxuries.
I suspect the majority of the population could end up for all practical purposes as slaves, afraid to speak out or change jobs if they have them, living paycheck or handout check to just get by to the next one and with an amount of debt that makes it impossible to break the cycle.
This has always been true. The price of food, or anything that anyone actually needs for that matter, never goes down, ever.
.....Inflation is coming......
The author misunderstands on a grand scale.
The whole point of his article is to point out that inflation is already here and from this point out will continue.
My son in his third year of selling popcorn for his Cub Scout pack is getting looks of disbelief this year when his customers look at the prices. They have skyrocketed.
A bag of caramel popcorn with a box of microwave popcorn – $47.95
Bag of almonds $49.95
Trail Mix $27.95
2 boxes of movie popcorn $39.95
Yogurt-covered Pretzels $43.95
Then add $8.95 for shipping if you order over the web
Granted the Scouts add to the cost with money that will go back to them – but there is a threshold people just won’t cross, especially when the economy is so bad. Even my son, who is only nine, looked at the price list and said “what the heck?”
Now THAT is a “hockey stick” chart.
I recently had to order some O1 Tool Steel and found that one supplier’s price had almost doubled in 3 months.
A 1/2 gallon of ice cream shrunk to 1.5 quarts a while back. Tuna cans are smaller.
Inflation has been going on for a while, but it’s just been cleverly “hidden” by creative packaging. I think it’s now going to be totally “in your face.”
RATs solution to the problem - Kill the old people.
Commodity prices will of course have an effect on inflation.
What the article forgets is that lions share of cost in almost all products is labor.
So long as there are 3 Billion people in China and India willing to work for 1/10th of wages in developed countries such as Japan, US & Germany, inflation will remain tame.
Money printing worldwide has exceeded 10% YOY for decades.
Yet inflation has remained under 4%, the obvious reason is China can manufacture any product with cheap labor and India can provide any service with 300 million English speaking college educated people.
Oh Boy! [Jimmy] Carter Country here we come!
bttt