INFLATION IS TRANSITORY
Many of the same people that were a big part of the cause and were all wrong about the 08 debacle are now telling us the soaring prices we are seeing are transitory. Of course, none of them predicted the spike in prices in the first place. We hope they are right but not sure the move in the following will just go poof.
Lumber: +347%
WTI Crude: +148%
Gasoline: +139%
Corn: +124%
Heating Oil: +123%
Brent Crude +121%
Copper: +94%
Soybeans: +84%
Silver: +76%
Palladium: +70%
Cotton: +63%
Sugar: +63%
Platinum: +57%
Wheat: +43%
Natural Gas: +38%
Coffee: +35%
Gary, these price increases don’t even factor in the multi-trillion spending the Marxist-in-Chief has “central planned” for us so with that being said, is this only the beginning of what could be a hyperinflation death spiral?