Check out this chart

Journal Entry – Day 11 - Quarantine. We are running low on rations. The 10th day of quarantine saw a Best Buy delivery man drop off a new refrigerator... yet it was empty. What gives? These are burdensome times. I must start harvesting the avocado trees in the backyard... I believe that my destiny will allow me to find value in the Walmart delivery platform. But the cost of everything has exploded this year... As you can tell, I’m very over this COVID experiment.   Check out this chart Dear Reader, Journal Entry – Day 11 – Quarantine We are running low on rations. The 10th day of quarantine saw a Best Buy delivery man drop off a new refrigerator... yet it was empty. What gives? These are burdensome times. I must start harvesting the avocado trees in the backyard... I believe that my destiny will allow me to find value in the Walmart delivery platform. But the cost of everything has exploded this year... As you can tell, I’m very over this COVID experiment. The good news is that my daughter is feeling much better. And I’ll be able to see her and my wife once again in four days. This has been a nasty period. But we’ll take a lot of lessons from it. I did have a new refrigerator delivered to my home. I also bought an additional freezer. Why? Because I’m about to fill both with frozen vegetables and other food items before prices get really out of hand. If you want to understand how unprecedented these times are... Have a look at this chart. This chart tracks corn prices back to 1973 when the Chicago Board of Trade standardized corn futures contract. There are only four outliers on this chart to the upside. There was the 1987 boom. There was the 1973 run when inflation topped 6%. And there was the 1978 even bigger stagflation that pummeled the economy in 1978. Corn futures jumped 33% over two months. And we’re not even through May. So, I’m staring at this chart wondering how much higher it can run. My thoughts are that corn prices could easily top $9 in the months ahead. And at that rate, it’s possible that we see rationing across the nation. This would dramatically impact our meat and ethanol industries. There’s another reason why this trend is important. Corn prices are not the only ones that continue to rise. We’ve seen lumber prices, steel prices, and the cost of chemicals surge. There doesn’t seem to be a reversal in the cards. And as we move deeper into the summer, the cost of everything will go higher. This is going to create marginal pressures on a lot of U.S. companies. The only firms that are able to pass on rising prices to their consumers will succeed. We’re still very early in this game. Not only do I expect commodity prices to go higher, but I am expecting a huge planting season. What goes up will eventually go down. So, there will be many companies that struggle this year and develop strong buying opportunities when they are able to better manage margins at the onset of 2022. I’ll be on the road tomorrow. I’m having a very important conversation live with Rob Booker on Thursday night. So, look for a special invitation to see us talk about the U.S. economy and the huge opportunities that I see ahead. Enjoy your day, Garrett {NAME} © 2021 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) AND EMPLOYEES ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. GFP, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States