{"id":57701,"date":"2021-05-06T07:32:51","date_gmt":"2021-05-06T12:32:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57701"},"modified":"2021-05-06T07:32:51","modified_gmt":"2021-05-06T12:32:51","slug":"three-reasons-why-inflation-is-rising-two-of-them-arent-going-away","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57701","title":{"rendered":"Three reasons why inflation is rising. Two of them aren\u2019t going away"},"content":{"rendered":"
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Three reasons why inflation is rising. Two of them aren\u2019t going away<\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n
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A remarkable thing happened yesterday that tells you everything you need to know about inflation.<\/p>\n

In the morning, US Treasury Secretary Janet Yellen stated bluntly that \u201cinterest rates will have to rise<\/strong> somewhat to make sure that our economy doesn\u2019t overheat. . .\u201d<\/p>\n

For economists, an \u2018overheating economy\u2019 means inflation. So she was essentially saying that rates would have to rise to prevent inflation.<\/p>\n

Yet hours later, she completely reversed herself, saying that interest rates would NOT have to rise because \u201cI don\u2019t think there\u2019s going to be an inflationary problem.\u201d<\/p>\n

You don\u2019t need a PhD in economics to smell the BS.<\/p>\n

Inflation is not some potential issue down the road. Inflation is already here.<\/p>\n

As Warren Buffett told investors only days ago, \u201cWe\u2019re seeing very substantial inflation.\u201d<\/p>\n

Plenty of companies have already announced price increases to their consumers\u2013<\/p>\n

Proctor & Gamble, for instance, announced price hikes across the board on just about everything from diapers to beauty creams.<\/p>\n

Hershey\u2019s announced in February that it would be raising prices.<\/p>\n

Food giant General Mills complained in February about a \u201chigher inflationary environment\u201d and \u201cinput cost pressures\u201d due to rising commodity prices.<\/p>\n

Clorox, Shake Shack, Kimberly-Clark, Whirlpool, Hormel, and Woka Kola Coca Cola are among the many companies that have also announced price increases.<\/p>\n

And according to Bank of America Global Research, the number of mentions of \u201cinflation\u201d on corporate earnings calls has increased 800% compared to last year.<\/p>\n

Inflation is clearly a concern of the largest companies in the world. Investors are worried. Consumers can see it.<\/p>\n

And in a rare moment of truth yesterday morning, a politician almost admitted that she was concerned about inflation too.<\/p>\n

This is not some wild conspiracy. Inflation is real. It\u2019s happening. Let\u2019s look at three key drivers:<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Three reasons why inflation is rising. Two of them aren\u2019t going away A remarkable thing happened yesterday that tells you everything you need to know about inflation. In the morning, US Treasury Secretary Janet Yellen stated bluntly that \u201cinterest rates will have to rise somewhat to make sure that our economy doesn\u2019t overheat. . .\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,426,431,451,538,13351,7312,7313],"class_list":["post-57701","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-inflation","tag-interest-rates","tag-janet-yellen","tag-money-printing","tag-price-inflation","tag-simon-black","tag-sovereign-man"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57701"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57701\/revisions"}],"predecessor-version":[{"id":57702,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57701\/revisions\/57702"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}