1699: New Mastermind, Housing Inventory, Transitory vs Permanent Inflation
Inventory has been scarce in the United States for a while now, so how much longer are we going to have to wait before we see an increase? Jason Hartman looks at the numbers and sees a long wait ahead for those who are looking for the bottom to get into the market.
Then, Jason looks at the everything shortage and whether we're looking at transitory inflation like Jerome Powell likes to talk about, or whether what we're seeing now is going to be permanent.
Key Takeaways:
[5:10] Jason, Ken McElroy, and George Gammon launched their new mastermind group this past weekend
[14:30] Comparing housing inventory levels over time
[17:57] Housing inventory has dropped 2/3 since 2016
[22:55] Microchip shortages is impacting car production
[28:17] Prices are sticky, so why should we expect prices to drop when supply chains open up completely?
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