On Monday morning, the front page of the Drudge Report featured a very alarming two-word headline in all capital letters: “INFLATION ACCELERATES”. Of course, that headline was 100% accurate. Prices are rising and our seemingly endless cost-of-living crisis is beginning to accelerate once again. I have heard from many of you that are not happy with what economic conditions are like now, and you are really not going to be happy with what is going to happen in the months to come. The closure of the Strait of Hormuz has already begun to create shortages all over the globe. As the months roll along, those shortages will steadily intensify. That is going to directly affect our cost of living, because the law of supply and demand tells us that when there is less stuff to buy, prices go up. So the truth is that inflation will go to an entirely new level once the shortages caused by the crisis in the Middle East really start kicking in.
Needless to say, in many industries, prices have already risen to absolutely absurd levels.
Read Full Article: https://thewashingtonstandard.com/if-you-think-prices-are-high-now-just-wait-until-the-shortages-really-start-kicking-in/
