*3M has flagged rising air and freight costs to ship its goods
*Walmart has warned on the congestion in US ports
*Legacy Homes, Williams-Sonoma & Wüsthof knife sets, have seen an uptick in wage costshttps://t.co/j9PGeaM62W🎩 @jessefelder pic.twitter.com/usUSnrTwY3
— Danielle DiMartino Booth (@DiMartinoBooth) March 29, 2021
The GAP! #Inflation vs #ISM priced paid pic.twitter.com/VteQ1aSQI2
— jeroen blokland (@jsblokland) March 29, 2021
And while on the #inflation debate, this from the @FT on "US companies sound[ing the] inflation alarm."https://t.co/upHotxLnKH#economy #markets pic.twitter.com/Vr7p94mE7R
— Mohamed A. El-Erian (@elerianm) March 30, 2021
"There cannot be inflation without real wage inflation" (Keynesian)
"Argentina, Venezuela, Iran etc etc" (Reality)— Daniel Lacalle (@dlacalle_IA) March 29, 2021
77% Of Americans Are Worried About Soaring Inflation
The worst thing that could happen now is a repeat of stagflation in the 1970s.
Largest Component Of Household Budget Growing At >10% YoY While “Inflation” Is Only 1.41% YoY
If we look at the US Personal Consumption Expenditures Core Price Index YoY, “inflation” is a modest 1.41%. However, the largest item for households in typically housing. And housing is…