Last week Chipotle Mexican Grill announced a 2nd price hike on its menu in just the last few months bringing cheers (and stock upgrades from Wall Street stock analysts). Chipotle warns it could raise prices even further to stave off labor issues and supply chain struggles https://www.businessinsider.com/chipotle-warns-could-raise-prices-if-inflation-labor-woes-persist-2021-7 Taco Bell, McDonald's, and Dunkin' are raising prices. Here's how much more you're paying for coffee and food. https://www.businessinsider.com/dunkin-mcdonalds-and-other-fast-food-chains-are-raising-prices-2021-7 However, in this case what is good for shareholders is bad for the consumer. One one hand, many people on Wall St are talking about how inflation will go down a lot soon due to base effects, while on the other hand companies that admit that inflation is much worse than the CPI for them raise prices and it is being cheered on by Wall Street investment banks and stock analysts. What are base effects? 1) https://www.investopedia.com/terms/b/base-effect.asp 2) What are base effects and how do they distort inflation?: Yahoo U https://www.msn.com/en-us/money/markets/what-are-base-effects-and-how-do-they-distort-inflation-yahoo-u/ar-AAMg5Do Higher costs will now go into global supply chains from 3 main factors that are not priced in yet or Wall St is not accounting for yet: 1) Higher Oil prices up a lot in the last 12 months 2) Wage increases in certain industries (mostly forced by politicians, bureaucrats and unions) although there's demand for labor in some industries driving wages higher too 3) Price hikes by companies that hurt consumers but help shareholders Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy http://www.patreon.com/wallstformainst​ or Patreon dot com slash wallstformainst (since YouTube blocks the URLs and makes them appear broken) Over 170 articles, charts, audio podcasts & interviews with experts exclusive for Patrons! Plus, you are helping keep the free content free so it doesn't all end up behind a paywall. One of the best deals in the space for only $5 per month! **Please check your debit or credit card on file with Patreon to make sure that it did not expire. This is happening a lot every month.** Please visit the Wall St for Main St website here: http://www.wallstformainst.com/​​​​​​ Follow Jason Burack on Twitter @JasonEBurack If you feel like donating fiat via Paypal, Bitcoin, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**