Inflation In the Headlines! Michael Douville
Revelation 6:5-6 When he opened the third seal, I heard the third living creature say, “Come!” And I looked, and behold, a black horse! And its rider had a pair of scales in his hand. And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!”
A hallmark of the beginning of the tribulation is hyperinflation as noted in Revelation 6 which leads to global famine. Revelation 6 talks of a time when it will cost a day’s wage just to eat. We should pay attention. And inflation is in the headlines. We are trending and living in inflationary times.
Wall Street Banks like Goldman Sachs are calling for inflation.
Inflation in Commodities has risen 73%, Lumber futures have risen 400%, Steel has risen 216%. However, homes have risen 11.2%… prices could go much, much higher.
Do not be priced out of the market. Particularly for Baby Boomers: protect your purchasing power! Protect yourself against inflation! Go buy a House right now!!!
Don’t forget about the cost of food. Soft commodity prices are on the rise as well. Prices at the wholesale level are taking up and off.
Are we on the verge of an inflation cycle??? We are living in the times of a historic money supply. The velocity of money is increasing. Money has to go some where in the economy. Governments around the planet are printing money as well.
Michael reviews the real estate cycle. Where are we in the cycle? Check out Michael’s financial update below.
Leave a Reply