In March, I wrote about how investors should prepare for inflation and then two months later, I wondered whether high prices would persist. So far, the answer to that question is a resounding, “at least for a while!”
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Imagine you are asked to fill a 12-foot deep hole. Now imagine that the hole is only 11.5 feet deep. Feel better? Of course 11.5 is better than 12, but the task ahead is immense.
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The U.S. economy lost a staggering 20.5 million jobs in April and the unemployment rate surged to 14.7 percent.
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