FATT - Evidence Of Inflation's Inferno Is Everywhere But President Can't Feel The Heat

• It should have always been clear to everyone that this restart from a global economic lockdown was never going to a V-shaped recovery! That belief was delusional.
• The current problems are not going to vanish when the government ends extended unemployment benefits. They are part of the wreckage created by a global economic lockdown.
• While shortages are blamed on a good thing - rising demand - the core problem is clearly a persistent supply shortage. Let’s hope the demand remains, but the supply shortage is the real problem.
• Partof the strong demand is likely due to customers, now that businessesare open, wanting to make sure they don’t get caught shorthanded if thingsclose back down. Others are laying away goods before prices go up.

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