| Dear Reader, The pandemic made a lot of stuff worse. Even inflation. Last March, whole industries shut down overnight. Now we have a vaccine and businesses are opening back up. But there is no magic “on” switch. Many industries can’t produce things fast enough to keep prices down. We’re now seeing this with semiconductor chips. Semiconductors are essential for everyday items—like cell phones, computers, and cars. There’s a global shortage of these chips, thanks in large part to pandemic supply interruptions. The CEO of Intel, the largest maker of semiconductor chips, says it could take “a couple of years” to resolve. In the meantime, it will drive up the price of many of the products you buy. Just one more thing pushing inflation higher… I covered more factors with Mauldin Economics Publisher Ed D’Agostino at the SIC 2021. Normally you need a special pass to access those talks. But we’re making an exception and sharing some urgent clips with you today. Click here for instant access. Keep in mind that inflation isn’t all bad news. There are opportunities to profit in every kind of environment—including this one. In fact, I’ve already made a massive amount of money on my inflation trades. But it’s still early innings… Within the next few hours, I’ll be finishing an urgent letter that lays out an action plan for the coming inflation boom. It’s too urgent not to share. Watch your inbox for that some time tomorrow. Jared Dillian
Editor, The 10th Man
Mauldin Economics | 