Dr. William Procasky, Navesink International’s credit and derivatives expert, was recently interviewed by Kill-TV in Corpus Christi, TX on the subject of inflation.
Here are a few extracts:
- “We had an era of low inflation with technological advancement and global supply chains reducing costs and we’re coming out of that, the pandemic already started that.”
- “Inflation is currently running at a 40-year high so we’re seeing numbers we haven’t seen in a very long time, you have to go back to 70s early 80s.”
- “With oil prices- and then we have the situation in Ukraine and affecting energy and food that way and so we’re in a very high inflation environment we haven’t seen in a long time.”
Inflation will not go away overnight, as it will be here with us to stay over the intermediate term. Rather than decreasing suddenly, it will step down over time. Therefore, consumers should determine their own personal exposure to inflation by utilizing tools such as personal CPI calculators (the reported CPI assumes we all consume the same things in the same quantities), which are available online, and then adjust their spending behavior accordingly as befits their personal budgets.