Wall St. For Main St., Released on 3/10/21
Inflation expectations for US consumers, according to surveys, are at their highest levels since 2013.
Even more proof is out lately that inflation is increasing globally in global supply chains, especially higher commodity prices.
There are signs that the food inflation that’s gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse.
The World Will Pay More for Meat as Food Inflation Deepens news.yahoo.com/world-pay-more…
And many companies like Michelin Tires are raising their prices considerably. Michelin just raised North American tire prices by 8%!
U.S. manufacturers grapple with steel shortages, soaring prices www.reuters.com/article/us-us…
Producer prices in China in February also rose by the most in 2 years due to much higher commodity prices used for manufacturing.
Devalued currencies, higher commodity prices and other input costs rising for goods and services in the global supply chain means that costs will be rising for consumers and/or shrinkflation.
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy www.patreon.com/wallstformainst
Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy www.patreon.com/wallstformainst
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.