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Why are so many getting the inflation conversation wrong? How can I say this at this time? After all, the CPI, PPI, and CPE are through the roof. The reason is because that is what the forward looking indicators are telling us.
In this video I discuss how so many look at inflation and unemployment, not realizing they are trailing indicators. For more than 6 months I warned about the inventory problem that was building. Today, Target lays a bombshell that they are having to readjust due to the fact they are going to have to discount prices to get rid of excess inventory.
Suddenly inflationary turns deflationary. This is something that is going to spread throughout the economy. Supply chains are starting to look the oppsite of what they did for 2020 and much of 2021.
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