Do you remember that scene in the very first episode of The Office where Michael Scott talks about why he’s such an amazing boss and then shows his World’s Best Boss mug… that he bought for himself? Confession: I am an entrepreneur (technically a solopreneur) and I bought myself a World’s Best Boss mug! It’s […]
Author: smarttalksucce
Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay above 4% through at least 2022.
Citing pressures from shelter costs and rising wages, the head of DoubleLine Capital told CNBC that he sees the current inflation run as non-transitory and instead likely to persist well into the future.
“We believe that it’s almost certain that 2021 will end with a 5-handle on the [consumer price index], and it’s going higher in the next couple of readings, thanks primarily to the price of energy,” Gundlach said on CNBC’s “Halftime Report.” “And we don’t think inflation is going below 4% anytime in 2022.”
His comments come with the CPI, which measures a broad basket of consumer goods prices, increasing at a 5.4% annual pace when including food and energy costs, the fastest in 30 years. The Federal Reserve’s preferred gauge, which measures personal consumption expenditures excluding food and energy, is at a 3.6% year over year pace, well ahead of the central bank’s 2% target.
Fed officials insist that the current price increases are transitory and driven by supply-chain shocks, extraordinary demand for goods over services, and a labor shortage, all related to the Covid-19 pandemic.
While Gundlach conceded that some of the increases, such as lumber and some other commodities, are temporary, others are not.
One factor he cited is shelter costs, which make up about one-third of the CPI and have been rising steadily this year, though not a pace equal to the headline surge.
“It’s almost certain that we’re going to get persistently high inflation thanks to the shelter component going up, and perhaps the wages, too,” he said.
The result, he said, has been negative real interest rates as government bond yields remain low while inflation runs high. He called the negative rates “wickedly unattractive” from an investing standpoint.
As more and more businesses move platforms from traditional brick-and-mortar shops and move to online stores, that pivot creates a whole host of opportunities.
The post The Benefits Of Creating Subscription Services appeared first on Enterprise Podcast Network – EPN.
Image Source: Pexels Many businesses will consider paying their loan off early to avoid paying extra in interest, but sometimes making prepayments will impact your cash flow needs. Other times, prepayment won’t get rid of the incurred interest on your loan and may actually make them worse. If you’re thinking of paying off your loan, […]
The post Should you be Paying Off Your Business Loan Early? appeared first on Entrepreneurship Life.
Are you gifted in the most creative of the ways? Do you wish to showcase your work and earn profit from it? Is having a craft business something that you have had in mind for a while? Don’t know where to begin? Don’t worry we have just the checklist for you. Read on. Checklist for […]
The post How to Start a Craft Business? 7 Easy Steps to Follow appeared first on Entrepreneurship Life.
Coworking spaces were created to improve the traditional business setup. With the explosion of the internet and modern technologies, coworking is now considered a great way to utilize space. If you’re willing to share an office, then concentrate on these nine important things. 1. Price A good price is something that should never be underestimated. […]
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Jim Judge the Founder and Principal of ReLive Physical Therapy, a Chicago-based rehabilitation center focused on the delivery of expert clinical care for work-related musculoskeletal injuries joins Enterprise Fit Radio.
The post ReLive Physical Therapy Shares How They Have Been Growing During These Times appeared first on Enterprise Podcast Network – EPN.
Many people want to learn how to be confident in different situations, but it’s not always easy. Maybe we’re too addicted to comparing ourselves or maybe social media has brainwashed us to believe that we should all be rich, famous, and in incredible shape. Anyway, today I’d like to share a simple yet super effective […]
“Every new beginning comes from some other beginning’s end.” ~Seneca
Like most people, I’ve tried to control many aspects of my life, and this hasn’t always worked in my favor. Just when I thought I had it all under control, …
The post When Life Forces Your Hand, Embrace the New Chapter appeared first on Tiny Buddha.
Can you tell our readers about your background? Growing up my family owned a popular record company in Hong Kong. Our label produced top local artists with some of the bestselling albums in the Cantopop genre. At an early age, I was involved in creating the artists’ public image—choosing fabrics and custom-designing gowns and suits for their […]
The post Breaking boundaries: Dora L. International Founder Focuses on Foundations that Give Confidence appeared first on Entrepreneurship Life.