Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
A monstrously overstimulated economy that caused global supply chains and transportation systems to buckle.
CPI inflation highest since 2008 and 1991.
For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly.
One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it.
The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
Discussing mind-boggling distortions and some of the craziest market conditions.
Millions of people didn’t spend on two big services: rent & interest. How spending got skewed in bizarre ways.
“Transitory” is the new Spandex.
Blames tangled-up supply chains but not what’s causing supply chains to get tangled up: The most grotesquely overstimulated economy ever.