Steve Forbes: Will Inflation Cause A Stock Market Crash In 2022?
There are two kinds of inflation simultaneously wreaking havoc on our economy, and 2022 could be the year when inflation starts to hit the stock market adversely. But how bad will it be? Will inflation finally cause a stock market crash in 2022? Steve Forbes on what investors need to consider when it comes to the two kinds of inflation and on the darkening cloud hanging over the New Year, which is undermining the dollar's value.
U.S. Bureau of Labor Statistics: An Indictment of Biden & his Illegitimate Administration
Annual inflation rate in the US accelerated to 6.8% in November of 2021, the highest since June of 1982, and in line with forecasts. It marks the 9th consecutive month the inflation stays above the Fed's 2% target as global commodities rally, rising demand, wage pressures, supply chain disruptions and a low base effect from last year continue to push prices up. Upward pressure was broad-based, with energy costs recording the biggest gain (33.3% vs 30% in October), namely gasoline (58.1% vs 49.6%). Inflation also increased for shelter (3.8% vs 3.5%); food (6.1% vs 5.3%, the highest since October of 2008), namely food at home (6.4% vs 5.4%); new vehicles (11.1% vs 9.8%); used cars and trucks (31.4% percent vs 26.4%); apparel (5% vs 4.3%); and medical care services (2.1% vs 1.7%). On the other hand, the inflation slowed for transportation services (3.9% vs 4.5%). Excluding food and energy, inflation went up to 4.9% from 4.6%, the highest since June of 1991.
(Source: U.S. Bureau of Labor Statistics)
Inflation / Hyper-Inflation / Staglation are all deeply entrenched products of Biden's failed Marxist policies, and we are only 12 months into this economic "trainwreck".
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