Inflation Is Not Going Anywhere

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Oh, economists were all excited. Oh, their number, their CPI number came in exactly in line with what they predicted. They must be geniuses. Oh yeah, US inflation. Again, up, up. Autistic gasoline prices. Even excluding food and energy categories, price gains picked up. Sticky, sticky inflation.

and guess what? We don’t like sticky inflation and I’m here to tell you it ain’t going anywhere. It ain’t going anywhere. Again, gasoline, energy prices, electricity prices, what do they not affect? Okay, they filter down into everything and I don’t see any sort of deal of any way, shape, matter or form.

when it comes to energy and the Biden administration, we’re gonna become energy independent and getting these prices down. I don’t think they see any deal on the horizon when it comes to OPEC. So yeah, inflation is here to stay. Now, the concern is, is whether or not the Federal Reserve is gonna get with the program and recognize that we can’t fix it.

Can’t do a damn thing about this. Again, one option. One option and one option only. We’ve talked about this before. And again, we can harken back to the Colonel in Vietnam that says we, in order to save the village, we need to destroy it. So yeah, I mean, the Fed, you want to blow it up. I mean, blow it up there, guys. Was it just smart over at the Fed? Jack up rate, put them over 10, put them 12%.

then nobody can afford to do anything, nobody will buy gasoline and prices will come down and then what? Again, these are problems that are, the Fed can’t fix it, the government’s spending too much, we’ve got bad regulations, everything that we’ve been telling you all along. Again, we’ll see how the market ends up reacting to this, but I think they’re starting to see it that way too.

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And you know, hopefully, because again, right now, it’s the last thing this economy needs is higher interest rates. At this point, hopefully, the Fed won’t react. Watchdog on wallstreet.com