RUSH TRANSCRIPT Neil all ░░░░░░░░ we were talking inflation ░░░░░░░░ inflation in the last ░░░░░░░░ with a guest who ░░░░░░░░ that 24 uptick in ░░░░░░░░ prices he sees that ░░░░░░░░ of continuing It does ░░░░░░░░ out an inflationary theme ░░░░░░░░ my next two guests ░░░░░░░░ been spending quite a ░░░░░░░░ of time warning us ░░░░░░░░ Gary Kaltbaum and George ░░░░░░░░ Gary you certainly see ░░░░░░░░ it firsthand in Florida ░░░░░░░░ course but we ve ░░░░░░░░ it across the country ░░░░░░░░ if my last guest ░░░░░░░░ right it s going ░░░░░░░░ continue a while because ░░░░░░░░ supply and demand Not ░░░░░░░░ supply not enough supply ░░░░░░░░ keep up with the ░░░░░░░░ That plays out in ░░░░░░░░ host of it the ░░░░░░░░ shortage fewer vehicles as ░░░░░░░░ result Computers available It ░░░░░░░░ play out again and ░░░░░░░░ Are you worried about ░░░░░░░░ Absolutely because for companies ░░░░░░░░ can affect their profits ░░░░░░░░ decision making For consumers ░░░░░░░░ takes money out of ░░░░░░░░ pockets And neil it ░░░░░░░░ not only inflation There ░░░░░░░░ something going on right ░░░░░░░░ called shrink flation You ░░░░░░░░ to a supermarket instead ░░░░░░░░ getting 120 square feet ░░░░░░░░ aluminum foil you re ░░░░░░░░ 100 square feet at ░░░░░░░░ the same price It ░░░░░░░░ tends to be feed ░░░░░░░░ itself and the longer ░░░░░░░░ louisianas the worse it ░░░░░░░░ be lasts the worse ░░░░░░░░ canning be And with ░░░░░░░░ oil prices every 10 ░░░░░░░░ at the pump over ░░░░░░░░ year is 10 billion ░░░░░░░░ of consumers pockets and ░░░░░░░░ doesn t include all ░░░░░░░░ businesses out there So ░░░░░░░░ is going to be ░░░░░░░░ duration If it continues ░░░░░░░░ good And the other ░░░░░░░░ of the equation we ░░░░░░░░ get into a situation ░░░░░░░░ people believe I better ░░░░░░░░ buy now because I ░░░░░░░░ going to have to ░░░░░░░░ more tomorrow you end ░░░░░░░░ with some hoarding which ░░░░░░░░ up many a lot ░░░░░░░░ shortages which ends up ░░░░░░░░ more higher prices and ░░░░░░░░ you get into a ░░░░░░░░ vicious cycle Something to ░░░░░░░░ very closely Neil yeah ░░░░░░░░ you can overdo it ░░░░░░░░ did that with processed ░░░░░░░░ and cheeses and my ░░░░░░░░ is still saying all ░░░░░░░░ this stuff is still ░░░░░░░░ neil What are you ░░░░░░░░ George let me get ░░░░░░░░ take on how far ░░░░░░░░ goes because I generally ░░░░░░░░ that inflation doesn t ░░░░░░░░ until you know buyers ░░░░░░░░ folks essentially volt I ░░░░░░░░ not going to pay ░░░░░░░░ I m not going ░░░░░░░░ pay all this for ░░░░░░░░ or eggs or a ░░░░░░░░ of other products to ░░░░░░░░ nothing of you know ░░░░░░░░ ipads and all that ░░░░░░░░ re not at that ░░░░░░░░ But I m wondering ░░░░░░░░ close we might be ░░░░░░░░ if it comes at ░░░░░░░░ What do you think ░░░░░░░░ the first time I ░░░░░░░░ alarmed neil was when ░░░░░░░░ saw an article saying ░░░░░░░░ price of oreos were ░░░░░░░░ up Neil oh don ░░░░░░░░ get me started young ░░░░░░░░ Laughter You want to ░░░░░░░░ about price inflation I ░░░░░░░░ we talk about homes ░░░░░░░░ your previous but look ░░░░░░░░ the materials that s ░░░░░░░░ to power the home ░░░░░░░░ heat the home natural ░░░░░░░░ It s gone from ░░░░░░░░ 40 or 1 50 ░░░░░░░░ foot just a little ░░░░░░░░ a year ago to ░░░░░░░░ 4 today That s ░░░░░░░░ tripling of that cost ░░░░░░░░ costs are going to ░░░░░░░░ on consumers and homeowners ░░░░░░░░ renters in the coming ░░░░░░░░ But you look at ░░░░░░░░ extraordinary times we live ░░░░░░░░ and they are extraordinary ░░░░░░░░ ve got all these ░░░░░░░░ very inflationary pressures and ░░░░░░░░ the 10 year today ░░░░░░░░ at 1 28 Neil ░░░░░░░░ I mean the bond ░░░░░░░░ is just yawning at ░░░░░░░░ this stuff So something ░░░░░░░░ going to to give ░░░░░░░░ some point Prices are ░░░░░░░░ up costs are going ░░░░░░░░ go up and people ░░░░░░░░ going to feel economic ░░░░░░░░ And it is concerning ░░░░░░░░ I m with gary ░░░░░░░░ think the markets will ░░░░░░░░ constructive the rest of ░░░░░░░░ year One final comment ░░░░░░░░ ve got to invest ░░░░░░░░ blood s in the ░░░░░░░░ because if you d ░░░░░░░░ at the height of ░░░░░░░░ pandemic last year the ░░░░░░░░ s up over 100 ░░░░░░░░ then The gains from ░░░░░░░░ on out are not ░░░░░░░░ to be as high ░░░░░░░░ may take another 10 ░░░░░░░░ to get another doubling ░░░░░░░░ the market from here ░░░░░░░░ interesting and you re ░░░░░░░░ All the worry and ░░░░░░░░ hand wringing that s ░░░░░░░░ you buy And a ░░░░░░░░ of people say there ░░░░░░░░ not enough hand wringing ░░░░░░░░ on but we ll ░░░░░░░░ Gentlemen thank you both ░░░░░░░░ very much And just ░░░░░░░░ reminder on all this ░░░░░░░░ of the increases that ░░░░░░░░ ve been seeing occurred ░░░░░░░░ stuff that s really ░░░░░░░░ healthy So salad and ░░░░░░░░ that sort of thing ░░░░░░░░ ve actually gone up ░░░░░░░░ normally But when it ░░░░░░░░ to processed meats and ░░░░░░░░ and the oreo front ░░░░░░░░ ve been double stuffed ░░░░░░░░ double stuf See what ░░░░░░░░ did there Oh forget ░░░░░░░░ We have a lott ░░░░░░░░ to come on a ░░░░░░░░ lot more to come ░░░░░░░░ worrying day Or it ░░░░░░░░ bear country though Hey ░░░░░░░░ boo!