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Title: 77% Of Americans Are Worried About Soaring Inflation
Source: [None]
URL Source: https://www.zerohedge.com/economics ... orried-about-soaring-inflation
Published: Mar 28, 2021
Author: Tyler Durden
Post Date: 2021-03-28 03:57:37 by Horse
Keywords: None
Views: 27

"Naturally, people who have had their hours or pay reduced as a result of the pandemic are the most sensitive..."


Poster Comment:

The Congressional Budget Office estimates that the federal government ran a deficit of $312 billion in February 2021, the fifth month of fiscal year 2021. This month's deficit—the difference between $246 billion in revenue and $558 billion in spending—was $77 billion more than last February's. The March budget deficit will be ballooned up by that $1.9 trillion give away. And then comes the Green New Deal at a mere $3 trillion.

Anyone not worried about inflation has a screw loose. True there arre so many businesses who need sales and workers who need jobs that inflation is not going to come easily. I figure the commodity markets will be hit. The price of lumber, oil and minerals and food will show some inflation. But the Big Inflation will come when foreigners dump the Dollar.

https://fred.stlouisfed.org/series/M1 This is a chart of the M1 Money Supply, It goes straight up since the scamdemic-bioweapon of 2020-2021.

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