Many manufactured goods, agricultural inputs, and services have already increased in price more than 20% in 2021! The Producer Price and Services increases are now creating and realizing significantly higher wage increases. The Federal Reserve will have a limited impact on controlling this different kind of inflation which is not demand driven but supply restricted.

Please access this recent interview with Mohamed El-Erian. Former head of PIMCO, now President of Cambridge’s Queens College, and Chief Economic Advisor for Allianz…the perfect storm will hit 2022!

https://www.bloomberg.com/news/videos/2021-12-30/el-erian-sees-trifecta-of-risks-facing-u-s-economy-video