Biden crash: Experts warn that inflation is incoming

According to a new report from the Dailly Wire, several economic experts are predicting that the American economy is about to experience some really bad inflation. 

In fact, as several outlets, including The Wall Street Journal, have recently pointed out . . .

. . . it has already begun.

In one of The Wall Street Journal’s latest reports on the subject, the outlet noted how prices are rising virtually across the board.

“Costs are rising at every step in the production of many goods,” the outlet reported. “Prices for oil, crops, and other commodities have shot up this year.”

Some notable examples of these price increases are lumber, copper, steel, corn, soybeans, and cars. Corn and soybeans, for example, are seeing their highest price in nearly a decade, and lumber, in particular, is at an all-time high thanks to an increase in the building of houses.

“We haven’t seen this type of inflation in many, many years,” the Daily Wire reports Kellogg Company Chief Executive Officer Steve Cahillane as saying.

So, it is clear that we’re entering a period of inflation. But now, the two questions are “how long will it last” and “how bad will it get.”

Experts seem to be in agreement, according to the Daily Wire’s report, that this inflation is going to get really bad in the short term, but they are not in agreement about how long it will last. The Biden administration insists that it will just be temporary.

Background

This talk of inflation has picked up particularly after the Labor Department released its latest report for the month of April. What that report found was that the United States economy massively underperformed in April.

According to the Labor Department’s report, only 266,000 jobs were added in April, which was substantially fewer than the 755,000 to 1.25 million jobs that were expected to be added. On top of that, the Labor Department altered its February and March 2021 reports, indicating that some 80,000 fewer jobs were created than previously thought.

Many are placing the blame for this on President Joe Biden’s policies, including the massive $1.9 trillion coronavirus spending package.

And, if experts are right, it appears that things are only going to get worse from here.

Share on facebook
Share To Facebook

Welcome to our comments section. We want to hear from you!

Any comments with profanity, advocacy of violence, harassment, personally identifiable information or other violations will be removed. If you feel your comment has been removed in error please contact us!

9 Responses

  1. [ STAY AT HOME & WORK AT HOME ]
    Every month I am earning online more than $16,500 by doing a very simple online job from my home. By doing this in my part time I was able to save enough to buy me a new car in just a few months. This is so freaking easy that everyone should try it. Start making dollars online today by following instructions on this website.

    You can check it out here….……..———>>>> http://www.newapp7.com

  2. Biden says it won’t last long…just another 3 1/2 years the way I see it. Then when the Republican’s take the White House again, things will start to look good again. Hey Biden…open our pipelines, our state is OUT OF GAS!!!

    1. It won’t go that far,,these 2 show characters will be the last,Trump is not coming back,,biden will be gone & she takes over,,,she;s Biblically the ”HARLOT of BABYLON & she gets killed & then the Anti-christ takes over. WW3 is beginning,,which will lead to the 7yr. Tribulation,People need to look to God,no man can save this 1 this time!

  3. You Might Like
  4. QUESTION? Why wait for the next election? PRIMARY THE RINOS! & TAKE BACK THE HOUSE! CAUSE SLEEPY COMMIE JOE! IS ON A FAST TRACK! OF DESTRUCTION! WHAT MORE PROOF IS NEEDED?

  5. Biden and company strike again. What a crew they are!!! Don’t you just love our brilliant politicians???

  6. Joe doesn’t care about inflation, he gets his money from China. He doesn’t care at all about your money, or for that matter, whether you live or die. To him, working people are a dime a dozen. Remember that for the next election, and remember your vote doesn’t count, the election is already decided.

  7. They are now finding out that the vote counting computers were fixed, they put trump votes to Biden but no one in charge would listen and now it is coming out. Biden is a puppet and the vp doesn’t know how to do anything. She is completly out of her element and don’t think Biden is up to it.
    Southern states have got together I understand to start back on the wall themselves.
    Biden and Pelosi, both, as I understand it, has fallen out of their church since they do whatever they want. Pelosi’s church said because she believes in killing babies, and Biden I think he left God out of his prayers on the National Day of Prayer.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Latest Posts