Cycle Trading

[Duma]

I agree 100% with what you say and even see it when I go out. Restaurants are slammed everywhere with customers, but they have no help. So it would seem that all is well. Everybody in CO had signs in the window offering $16-$17 per hour for help.

But I think this inflation problem is going to take over. My favorite coffee that I have bought for $12.99 for a long time just went to $15.99, a 23% increase. My wife went to buy a small filet last night and it was $27, so she got a crummy sirloin.

Company after company is warning of price increases coming and producers are warning of profit hits because of raw materials. And this is hurt even more because of supply delays and shortages.

I think this hints at bad times coming. Inflation is going to kill the working class.

Just my thoughts, but I am no economist. I will just watch my charts and act accordingly.

https://www.zerohedge.com/economics/3m-warns-inflation-here-stay-sees-auto-production-tumbling-more-expected