US CPI Inflation definitely not transitory

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Hello my dear Hivians and LeoFinance supporters,

a few months ago, I already wrote that I don't see the current heated up inflations as transitory, like Jerome Powell, head of the FED, wanted us to believe.
And here we are, looking at an inflation reading of consumer products of 5,4%.
Imagine you go shopping know, but for the same amount of money every product you buy has 5,4% less weight or content.
On the other hand the producer prices are also up more than 8%. That means the pricing pressure persists and we will see even higher inflation readings in the near future.
The US-Fed is stuck between hyperinflation and killing the stock market with some tapering efforts.

newmeme.jpg

Prepare your war-chest with cash and crypto, because there are going to be the greatest buying opportunities in history, when the financial system as we know it goes down in an amazing onslought of inflation.

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3 comments
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To start, transitory to the Fed is not in 3 months. They look at things on a multi-year basis.

Also you obviously did not read the report, just looked at the headline. Energy, which is on a run, accounted for most of that number.

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On a multi-year basis they intend to have an inflation around 3% and I expect it to stay way above.

Your point concerning the big rise in oil and gas (energy) prices is true, still it is on the rise and leaves a lot of producers with lower margins due to higher costs. I expect consumers will feel the pricing pressure from producers in a few month letting the CPI run even hotter.

I really appreciate your critical view! Let's see together how the future will unfold ; )

kind regards!

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