The First 3 Signs of Inflation?

Although there is no certainty yet that inflation is coming, many warning signs are already clearly visible.

Here are three of them:

FIRST SIGN: On August 27, Jay Powell, Chairman of the US central bank, gave a much-anticipated virtual speech at the annual Jackson Hole monetary policy meeting to talk about the central bank's new inflation target.

Here is star analyst Luke Gromen’s summary of the speech:

“There is too much debt in the US & globally. It’s hurting growth.

This can be resolved [in] 1 of 2 ways:

1. Widespread defaults (including on sovereign debt).
2. Inflate it away.

Today we are accelerating Option #2.”

SECOND SIGN: Many commodities, along with the precious metals markets, have seen their prices reach new heights.

As you can see in the chart below, the price of lumber