Loading ...Yeah, inflation is coming big time. I am seeing it in the metals business which is my cup of tea. Currently our suppliers are only holding pricing for a couple of days, as pricing from the mills are so volatile. I don’t believe this is demand driven as much as currency and bullshit driven, bit it still is what it is and we have to price accordingly.
Everything is the result of our ridiculous monetary system. No doubt the Fed needs to buy more bonds and Powell should have come out and said as much today. He will have to say it eventually before rates explode on him like they did today.
The poor bastard needs rates down near zero – and I’m talking the 10 year – to service the debt and keep housing afloat otherwise he loses the US economy. Maybe, that was the plan all along, for Biden to come in and crash things.
Clearly oil is a better inflation hedge than gold. So are oil stocks. Never thought that was true until this third crash around. It appears anything but PM’s is the bet against inflation, even the dollar. Who would have thought?