Food Prices Will MULTIPLY as Commodities Index Breaks Into New Supercycle!

Food prices continue to rise. Inflation is coming has been the signal sent from bond markets. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.

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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
#inflation #commodities #foodprices

20 thoughts on “Food Prices Will MULTIPLY as Commodities Index Breaks Into New Supercycle!

  1. This is scary for me. I am disabled and most of my money goes for basics. Food, housing, transportation. Fixed income, nothing extra.

  2. Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise

  3. All you "Serfs"ers grab your boards and "hang Ten". The big wave is coming—and you got it coming!

  4. Fed has added 35% new money to the total many supply in just the past 13 months. This means, you had to get a 35% wage, pension or SS increases in 2021 to break even. Otherwise you just lost 35% of your standard of living…

  5. And a mighty angel took up a stone like a great millstone, and cast it into the sea, saying, Thus with violence shall that great city Babylon (NYC and USA) be thrown down, and shall be found no more at all.
    [22] And the voice of harpers, and musicians, and of pipers, and trumpeters, shall be heard no more at all in thee; and no craftsman, of whatsoever craft he be, shall be found any more in thee; and the sound of a millstone shall be heard no more at all in thee;
    [23] And the light of a candle shall shine no more at all in thee; and the voice of the bridegroom and of the bride shall be heard no more at all in thee: for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived.
    [24] And in her was found the blood of prophets, and of saints, and of all that were slain upon the earth.

  6. I lived in Oregon and in the 2013/14 lease for my townhouse apartment was $725, but by 2019 it was $1395, nearly doubled in just 5 years, I thought I do not know what the increase for 2020 will be yet but I could not afford another dime, so I moved to Florida to buy a house. I was able to get a house in the Tampa exurb for $257k that would have been $700k back in Oregon and then this January refinanced down to 2.25% so my monthly payment is a little under $1,200 (I am property tax exempt in Florida because of veteran status). But, the first year here my homeowner policy was $1,352 and the renewal just paid was $1,886 = 39.497% increase with no reasons given, no major disasters in the state, no claims on my part. And the news said that if you think insurance is high now, they expect rates to at least double in the next 2-3 years. And, my auto insurance for a 2013 BMW HT convertible 328i was $330 every 6 months when it was a new $58k car in 2013, but now is $1,200 per year when the car is more than 8 years old and worth probably $10k. So I am paying nearly double for a car worth about 1/6 of it's new cost, that is about 12 time the premium per dollar value of car. And what gets me is it went from $88 per month last year to $100 per month in February, no claims, no tickets, same car same driver and no reason given. 13.5% increase. These are my largest monthly bills, house and insurance and they are skyrocketing like this was the seventies. Food has gone insane. A medium peperoni pizza has gone from $11 with tax to now over $20. I was looking at a riding mower at Home Depot last fall at $1,368, but when I went to buy it in February it was over $2,000 with tax. The went through around Thanksgiving and raised them all by $400 or more. Same mowers, and when you ask they just said what they ALWAYS say, COVID! Well we will see if they are still saying that when sales plummet. Because I am a disabled vet on a fixed income and the government assures me that inflation is anywhere from tame to non existent. Here are the last 8 COLA increases for fixed income pensioners:

    2013 1.5

    2014 1.7

    2015 0.0

    2016 0.3

    2017 2.0

    2018 2.8

    2019 1.6

    2020 1.3

    My insurance alone has eaten every dime of those raises. And the killer is that when you go into shop for routine items how many have doubled or more. People say it is nothing to have your favorite spicy brown mustard go from 79 cents to $2.19, that isn't going to break you, but it is indicative of towering inflation in the neighborhood of 20% per year over the long term. If you are not getting similar raises then you have to slash items every month from your budget. Your living standards are dropping, or you are financing the same standards with debt, or you have found a way to make more income to pay for it. One of the three. But people on a fixed income cannot do the latter two, debt is constrained by income and income can only rise by what the government claims inflation is. So when your buying power is so badly damaged trust me you track the price of everything you pay for and it is ALL going up as fast or faster than it did in 1977 when inflation was not only considered and emergency situation it cost Gerry Ford the presidency first then Carter who also failed to quell it. There were artificial shortages then also, gas rationing and waiting hours to fuel your car. They can claim whatever they want about inflation, people know, and you piss them off at your own peril.

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