print-icon
print-icon

Where Have You Noticed Inflation The Most In Your Daily Life?

quoth the raven's Photo
by quoth the raven
Saturday, Nov 13, 2021 - 8:08

Submitted by QTR's Fringe Finance

I usually don’t do posts on the weekend but was really enjoying reading some of the responses on YouTube to my latest podcast, where I discuss how soaring inflation is absolutely brutalizing the middle class. For those that haven’t heard that podcast, you can listen to it for free, here: Soaring Inflation Is Brutalizing The Lower And Middle Class

As I note in my podcast, I continue to feel like it is a farce for the current administration to suggest that the inflation we are witnessing now - that disproportionately negatively affects the middle and lower class - is some kind of beacon of progress or good thing for the country.

It’s also a farce to believe, at face value, when officials say that they think they have the numbers under control. As most of you already know, inflation is as much psychological as it is numerical, and the collective psyche of the country seems to be spinning up a flywheel of worry about the rising cost of everything from oil to groceries.

When and if the psychological break happens is when people start worrying about the pull forward of demand and collective concern that can really drive prices much higher, quicker, as a result of a change in consumer behavior (i.e. hoarding, spending less).

There’s no doubt inflation is causing raw costs to rise, as we have witnessed in commodities. This is why, in my most recent interview with Doomberg this week, the collective predicts that oil could actually hit $300 per barrel, or higher. You can read Part 1 of that interview here: Oil Could Hit $300 And Uranium Could "Double Or Triple": Doomberg. Part 2 is forthcoming next week.

Meanwhile, what I loved reading in your comments was where - exactly - in your day-to-day lives are you seeing inflation the most. 

Please list specifics and price examples in this forum here, and any way in which this has altered your behavior as a consumer as a result.

-- 

Zerohedge readers always get 10% off a subscription to my blog for life by using this link.

0