Are Your Groceries More Expensive?
Inflation means the poor get poorer
Friends,
We’re lucky to have the Dollar as the world reserve currency and even luckier that the dollar is consistently as strong as it is compared to other nations. However, the massive printing of fiat over the past year as a result of the pandemic is now beginning to show its negative effects in the most obvious way- your wallet.
With Americans seeing the coronavirus pandemic in the rear-view mirror, the Irving, Texas-based company was forced to raise prices on its toilet paper products after the company said that it expected to earn between $6.65 and $6.90 per share, down from a previously projected $7.55. Along with falling share prices, the company’s net sales growth is projected to be 1% to 3 %, lower than the prior 3% to 5% growth.
The Milwaukee-based motorcycle builder indicated prices will continue to rise with inflation. Materials such as aluminum and lumber costs saw the biggest inflationary increases. Transportation costs have increased as shipping times have slowed. To offset rising costs for the company, Harley-Davidson will implement a 2% surcharge.
Read the rest at Fox Business.
Are you comfortable with what was done in order to keep the economy going? Has inflation harmed your in a drastic way? Let me know in the comments.
Your humble servant,
Ben Stein
P.S. The fun doesn’t stop when the episodes end! Come join me and let’s chat on MeWe!
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