Party Like its 1899 - Drew Pelton #5516
Summary: How much longer is CPI inflation going to be in effect, and are there any solutions in sight? I sit down and chat with Drew Pelton, who brings us up to speed with the latest news regarding inflation, emphasizing that it is not transitory and is highly unpredictable at the moment. We haven\u2019t felt the rue effects of CPI inflation yet, and the Fed continuing to raise rates isn\u2019t contributing our awareness of the situation. Tune in for more insight. Highlights: -If you\u2019ve gone to the store recently, you are acutely aware of CPI inflation\u2014or loss of purchasing power of your currency -How much longer is this going to go on? -There\u2019s no hope in the short term (over the next few months to half a year) -Inflation is not transitory, and it\u2019s hard to predict what\u2019s going to happen/when -We haven\u2019t felt the true effects of CPI inflation yet -The Fed raising rates has impacted the market and demonstrated their inability to control things -Electric cars are good options at the moment, but sometimes lack utility in areas where charging options are limited -Spiking energy usage differs based on location/season -Electric demand (prior to electric cars) goes up 2% a year, and as much as 4% during more intense years -The country is starting to wake up\u2014there has been craziness with the new administration Useful Links: Financial Survival Network Drew Pelton