I was watching NBC Nightly News tonight and Brian Williams announced that there will be no increases to Social Security for next year and the year after.
Sure looks like no inflation on the horizon anytime soon.
It is amazing to watch the action in the commodity stocks today. Energy, Metals, and Agriculture all up big today. Is stagflation in the future? I think there will be pockets of inflation as there was a discussion on Fast Money tonight that water prices will soar over the next few years because of a lack of supply. Scary news!
Let's hope for the best.
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