INFLATION, CURSE OR BLESSING! MEANS PEOPLE ARE SPENDING AND BUYING!

We are reading a lot about inflation. After 2 years of various Corona and other viruses, millions of Americans and companies are spending, shopping and expanding again.  Ships are still lined up in the Pacific Ocean off of the coast of California, to unload merchandise that American companies have ordered.  Now it seems to be popular to gripe about rising prices.  Rising prices in this case is a reflection that the economy is buzzing again!  Our thanks to the many papers and writers who shared these images with us seen around on the news and internet. 

Sometimes a picture is worth a thousand words.  Lets just look at some of the images that help define what is going on.  Below, people are buying more meat, egg, fish, poultry than ever!   This sounds like a positive thing.

How about energy?  Well, people are moving around more, driving, flying, going to events, going to business meetings.  I would be more concerned about our economy if people were not moving around!

Consider what is going on in China. Major cities completely shut down, no traffic on the streets, people are shut down in their homes and apartments with permission to get out only for food or emergencies.  This to me looks like a positive...our streets in the USA are bustling with traffic and business is coming back in force!  Consider that hotels, airlines and car prices have gone up.  Homes at record highs, energy and used vehicle prices up.  Rising rents, low inventories of houses available for sale, multifamily and apartments going up.   First time house buyers are getting a double whammy, rising prices and rising interest rates.  But all of this suggests that consumers, and businesses are spending more money.  Think about it.  After two years of people holding back, they are back out there, millions of people are spending, some even going out to dinner and slowing expanding their activities. …

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