I have been talking and writing about the inflation rate in the U.S. (and around the world) for a year now and I am worried about it. That makes me a little different than say Jay Powell over at the Fed who keeps saying that inflation isn’t quite a “real thing” and it’s “transitory”. If you don’t know what that means, it means that it’s just a fad and isn’t going to last. If you believe that one, well there’s that proverbial swamp land in Florida that I’d like to sell you.
The inflation rate has been climbing at the fastest pace in over a decade, as Americans pay more for gas, groceries, and many other items. The rate of inflation has slowed over the past few weeks, but don’t get too excited by that news. Inflation will be hanging around at high levels for quite a while longer: this year, next year, and even beyond that. If inflation were a stock, I’d say invest in it. It’s guaranteed to be going up!Continue reading“The Inflation Rate Slows, But Is It the End Yet?”