RE:RE:The sevensYeah, you're right for a change. Broken clock? Anyway, great entry point – but what part of inflation don't you understand? Prices of things like copper go UP.
"The Federal Reserve has stuck to its characterization of this year's higher inflation as a "transitory" issue. But after six months of higher prices touching everything from food to energy prices, some economists say the phenomenon appears to be sticking around — and could last well into 2022. “
Why higher inflation may no longer be considered "transitory" - CBS News
"A poor harvest of spring wheat and concern over the winter crop have pushed prices for the grain to their highest levels in years and signal more food inflation ahead. Drought across the Northern Hemisphere is the main culprit. Strong demand around the world, snarled supply lines and rising costs of farm inputs, like fertilizer and fuel, are contributing."
Wheat Prices Jump, Signaling More Food Inflation - WSJ
We will spend more at the grocery, while people in southern Africa and other impoverished nations will go hungry. Hungery people become desparate.
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