EDITOR'S NOTE: When famed stockbroker, banker, and economist, Alasdair Macleod speaks (or, in this case, tweets), it is smart to listen. The Head of Research for Goldmoney tweeted out a commodities tracking chart and explained that the value of commodities continuing to rise, the real rate of consumer price inflation is now at around 15% and that “No rise in interest rates can stop it now.” Macleod believes that “price inflation is getting a whole lot worse,” which is bad news for all of us.
This is why price inflation is getting a whole lot worse. Commodities continue to rise and logistics are fuelling acute shortages of secondary industrial materials. True rate of consumer price inflation in the US is now about 15%. No rise in interest rates can stop it now... pic.twitter.com/8O8O2LdsQJ
— Alasdair Macleod (@MacleodFinance) November 2, 2021
Originally posted on Twitter.