INFLATION ALERT – Buckle Up Consumers, Inflation Set To Surge
KingWorldNews.com
November 06, 2018
INFLATION ALERT: The bill may finally be coming due for “free” money.
Feeling the Pinch
By Bill Fleckenstein President Of Fleckenstein Capital
November 6 (King World News) – Inflation is one topic that I haven’t mentioned in a while, and we are now starting to see an ever-so-slight change in inflation expectations. I mention that because today, Sysco Corp., which distributes food and related products in the food service industry, was unsuccessful at beat-the-number and the stock price fell 10%. The company cited higher costs, particularly for warehousing and transportation, as one of the reasons its results came up short…
I mention this because in last Thursday’s Wall Street Journal there was an article above the fold headlined, “From Coke to Clorox, Inflation Hits Home,” which began,
“U.S. companies are raising prices on everything from plane tickets to paint, passing on to customers higher costs for fuel, metal and food after years of low inflation…
“The higher prices have effectively ended a long period of low inflation that led the Federal Reserve to keep short-term interest rates near zero for years.”
The Rest…HERE
