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Inflation Tag

Washington Post finance columnist Michelle Singletary wants Americans to know that despite record-high gasoline and food prices, things aren't really as bad as you might think. During an appearance on MSNBC yesterday, she said that people need to stop complaining and realize there are plenty of people who are doing very well.

If you work in any industry that relies on product, you have are well-versed with our self-inflicted shipping woes, rising cost of goods, the impossibility of getting what's been ordered, outrageous freight, etc. All of which help explain why wholesale price increase have hit new records.

The country is already reeling from inflation, rising gas prices and shortages, but don't think things can't get worse. Jamie Dimon, the CEO of JP Morgan recently told investors and analysts that a "hurricane" is coming for the U.S. economy. This is just what you wanted to hear, right?