The trickle of reports about inflation began to swell some months ago. Now it's approaching a torrent, as more and more observers point out the obvious - that inflation is real, it's here, and it's perilously close to out of control. A few headlines from the past week:
What troubles me most about those headlines is that they aren't being repeated in the mainstream media. It's almost as if the media have decided to suppress news about inflation, to protect the Biden administration's economic policies - which are leading directly to even more inflationary risk. A lot of people are going to be caught very, very short if the worst happens.
When you find sources such as JP Morgan, Bank of America, Goldman Sachs, Warren Buffet and others of their ilk speaking out about inflation, that bodes ill for the future. These are people and institutions at the very top of their field. If they're worried, we should be too, as we discussed last week.
Last night The Silicon Graybeard published a list from Reddit summarizing inflation in various commodities. It ranged from 8% to 470%. Click over there and read it for yourself - then compare your own shopping basket to those numbers.