RE:RE:the true cause of inflationEdwards13 wrote: Cupricity,
with all do respect, and I sincerely mean that, too much money chasing to few goods in the economy is what's causing inflation. We pumped trillions in the economy in the name of COVID. We have not washed all the money allocated. Remember the 1.9Trillion $ infrastructure bill? None of that money is in the economy yet. Inflation will be with us at a minimum for the rest of this year and possibly part of 2023.
V/R,
Edwards
I'm pretty sure Cup agreed inflation will be with us for an extended period. I certainly agree that all of the unnecessary funds recently pumped into the economy, along with the $1.9T yet to come will keep inflation roaring for at least another year. Also agree that the US Fed, along with all the other major CB's throughout the world, can only raise the interest rates a very small amount for fear of ruining their own economies. My only concern now is an influx of copper supply that is currently stuck and / or seriously slowed by supply chain transportaition issues. When that supply finally hits the various ports / warehouses, along with the next scrap cycle, we may see a quick descent in copper prices. The extent of this remains to be seen. Problem is, for the next three months at least, Taseko share price is only going to be kept at current levels with continued elevated copper prices. Once Florence gets by the public comment period, along with more EPA delays (hence the three month period above), share price should be off to the races for the rest of the year. Today's "miss" in production and sales results makes the next three months quite precarious for us all. Maybe we should hibernate until April before being awakened for a very strong remainder of this year.