Inflation is back. How high and how long will prices go up?

A cargo ship has been wedged in the Suez Canal for two days, sealing off the waterway in a crisis that could have major consequences for global trade.

But investors pushed 10-year bond yields sharply higher Wednesday, and rising long-term rates will increase the borrowing cost for mortgages and other loans, which could hurt the housing market and the broader economy. For Biden, it could help spur growth if more people, seeing prices rising, unleash spending to avoid having to pay more later. Higher inflation will lower the real cost of paying the national debt, although the downside is that the government will almost certainly have to offer higher interest rates on new Treasury issues.

Thanks sleepy Joe. Four years of making making money and now everything crashing down in four months.

Inflation is NOT BACK. Wtf really? These current blips are supply chain crunches. If this turns out to be real inflationary warning signals.. well went won't even know for months so why scream fire right now?

Inflation never went away; economists just stopped counting inflation for food. Inflation is only important when it impacts the wealthy.

Far, far away... finally... have you seen what happens after a decade printing money to easy quanatitative? No! You did not! But the answer is coming...

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