We will get this out of the way at the start: inflation concerns are, at this point, jumping the gun. As discussed on the radio these last several weeks there are multiple components to inflation. There is a pent-up demand component as we came out of lockdowns and COVID related closures, there are supply chain issues raising prices right now, and there are labor shortage issues. All contribute to inflation, to varying degrees depending on the region and the types of goods and services. The addition of a large stimulus can be expected to put further upward pressure on prices. Very little of this is unexpected and while inflation contains seeds of social ills there is likely market response coming to this as well in the form of higher wages and more.
Inflation has been lower thanRead More »