When inflation wakes up!

I don’t know about you, but I’m worried about inflation and the Fed’s ability to do something about it before it’s too late and all crashes and burns. 

The October 13 CPI report should alarm all of us, but that’s not all, producer's price index was up 8% the next day, also news about an overheating housing market, raising oil and gasoline prices, a still broken-down supply chain and the Fed continuing to buy bonds are signs that we’re on the confluence of a major catastrophe.

In a recent Citi investment conference last Wednesday, the former U.S. Treasury Secretary Larry Summers has, once more, sounded the alarm by saying that “The Fed's traditional role is to remove the punch-bowl just before the party starts, and that now that the party's gotten great, the Fed is not removing the punch-bowl until they've seen...conclusive evidence that everyone's going to get plastered.” 

Well, unless Summers is dead wrong, which I doubt, this is a scary perspective!