May 30, 2022
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’t felt the rue effects of CPI inflation yet, and the Fed continuing to raise rates isn’t contributing our awareness of the situation. Tune in for more insight.
-If you’ve gone to the store recently, you are acutely aware of CPI inflation—or loss of purchasing power of your currency
-How much longer is this going to go on?
-There’s no hope in the short term (over the next few months to half a year)
-Inflation is not transitory, and it’s hard to predict what’s going to happen/when
-We haven’t 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—there has been craziness with the new administration