Pedo joe see no evidence of inflation. And, if there is any, it’s merely temporary.
I noticed that for gold and silver, $1,900 and $28 are a brick ceiling, respectively. Once they break through, it could get interesting.
This is not like that sudden and short lived spike in 2020. This has been slow and steady until it hit this “cap”.
https://goldprice.org/
https://silverprice.org/
Look at the graphs for different time spreads. Interesting stuff.
Someone in the Biden administration should just say that warning about high inflation is a sign of white supremacy. That should get all those Doubting Debbies back in line.
2008 was a dry run. And make no mistake, there were elected political leaders that were scared chitless.
There were two articles at the time about a couple of congressmen coming out of a secret meeting (just before QE) calling their wives and telling them to take all they could out of any ATM’s they could find.
Just sayin’...
My prediction is over 30% a year inflation. The Communist Revolution continues...
Time to take out a fixed rate mortgage?
Inflation is already here.
My favorite Hot and Spicy breakfast sausage went from $4.99 several
months ago to $8.99 now for a box of 18 patties. So, I don’t buy them
anymore.
That bank is famous for making “hair on fire” predictions.
I agree with the FED. Temporary inflation from supply shortages which will wither by next year.
I have hedged that in my investments, as always, so I’m ready either way.
Today inflation is a very important part of federal fiscal policy.
The federal government is spending money at incredible speed adding to the federal debt. If there is double digit inflation, then the amount of money that will be required in the federal budget to service that debt (interest plus principal payments) will skyrocket. The saving grace (only from a Democratic political perspective) is that the money and interest that was borrowed will be paid back with cheaper dollars that are worth less. This combined with the fact that tax revenues will increase as inflation pushed people into higher tax bracket and all kinds of “tax the rich” state and local taxes, is why Democrats are not afraid of inflation. They should be, but they are not.
I’m paying $1.19 more for a gallon of gas than I was on election day. From $2.50 to $3.69. That’s almost a 50 percent increase in seven months.
Wait…Ben Bernanke said dumping helicopter loads of money on financial centers was a GREAT thing to stimulate the economy!?! Is Deutsche Bank trying to slow down our recovery? /s