Inflation matters
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Started by MarkB - May 6, 2022, 1:55 a.m.

I can remember when gas was 65c/gal at the pump. And then, during the oil embargo, it went as high as $1.37/gal. More in other areas. Long lines at times to buy it at that price. Because people had to get to work. 

Then, several years later, inflation had taken it's toll, and $1.30/gal, had become a norm. 12% interest on home mortgageshad become the norm. Bread and milk were almost priced out of the budget of most people. Cornbread and beans were the staple, if they could even afford that.

I trade a variety of markets. NG, ZN, CD, DX, , wheat, corn and cattle. Sugar too, on occassion. Whichever market is moving at the time.

But from what I see in the markets now, means that inflation will rise, quite unobstructed, during the next decade. And things will become very hard for the middle and lower classes. The backbone fo our nation.

Just my honest opinion. You can reply with your's.

By metmike - May 6, 2022, 9:03 a.m.
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Thanks Mark!

I remember those things too.