Nick Hodge,
Publisher
June 22, 2021
In this week’s episode of Bizarro World, Gerardo and I cover the inflation narrative now being told in the mainstream media: namely that it’s transitory.
And how none of those talking heads warned of coming inflation ahead of time.
(Click to Play)
I got into it with Dominic Chu at CNBC the other day because he was saying that lumber prices got “a serious reality check'' and that its high prices were “transitory”.
I told him that lumber prices were still up 160% in the past year, which is the real reality check.
He said people should buy a house if they’re worried about inflation… I said they can’t because they’re being priced out by the, uh, inflated housing prices.
Dominic clearly hasn’t been in copper and oil stocks as they’ve out-inflated the rest of the market.
But you could’ve been. I’ve been talking about it manifesting inflation for the past year on the podcast.
The new episode is out now.
We also talk about Texans being asked — and then perhaps forced — to ration electricity.
In the winter the Texas grid failed because they said it was built for the summer. Well, it’s summer now… so why is the grid still failing?
I have a profitable solution for that, too. The CNBC folks will be talking about it in six months.
Call it like you see it,
Nick Hodge
Editor, Daily Profit Cycle
Nick Hodge is the co-owner and publisher of Daily Profit Cycle and Resource Stock Digest. He's also the founder of Hodge Family Office, the umbrella organization for his three premium services: Foundational Profits, Family Office Advantage, and Hodge Family Office . He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.
*Follow Nick on Twitter.
[leadgenform slug="dpc_dpc-story_top-sectors-2021"]