- “Game Over” And We Are Seeing Shocking Levels Of Inflation
One of the greats in the business looks at “Game Over,” while another points out the shocking levels of inflation we are seeing.
Yes, They Are Lying About Inflation
Fred Hickey: “Poor J. Powell. Can’t get inflation up as it remains too “soft.” Meanwhile: “Domestic steel prices have risen more than 160% since last August,” lumber prices more than doubled, house prices up 14% year-over-year, Oil over $60 a barrel, “skyrocketing” shipping costs.
Food prices up double-digits, industrial inputs up over 30% – tin at 10-year high, copper at 9-year high (nearing a record) iron ore up over 65%, rubber up 40+%, Walmart raising wages (again), $15 federal minimum wage proposals, multiple states implementing their own $15 level and M2 +26%.
Propane costs up 30%, worst semiconductor shortages that I can ever remember, leading to across-the-board price hikes, and on and on. Inflation too “soft”? The only thing soft about inflation is the way the BLS calculates it.”