Inflation 2021

[Amanah]

Was the recent Texas power outage the result of a cyberattack?

The pandemic, outages, influx at the border, paying people not to work all seem designed to destroy the US.

[Nicodemus1968]

Originally Posted by Michael The Disciple

Here in South Central KY tonight my Gas Station had no gas but "Ultra". Had to pay 3.49 a gallon.

I'm almost paying that for Regular.

[coksiw]

Today the stock keeps going down on concerns of high inflation. The Fed Officials are trying to calm down concerns saying it is just transitory.
Rubbish, the inflation will last as long as countries from where we get cheap stuff are in lockdown and in chaos with covid, and then add few more months of recovery.
This is just getting started. Watch as you see companies starting to put more and more the increase in cost on the customers.
Basic things like, corn, lumber, tin, and chicken went to the roof in one year. Hard assets, not tracked by CPI, are to the roof as well in lots of cities, in part because of the demand and because of the shortage of new constructions, adding to that the wood price increase.
Anyways, enjoy the ride, I hope is short as they want to tell us all.