Poll: Going Up??? 📈
This week, we asked the Invstr Community how high they believed inflation would rise. The poll had a majority winner, with 58 percent of Invstrs saying that it will go to the moon. Hopefully, this doesn’t happen, but it’s surely plausible. The short-term outlook of the inflation crisis is dark, and recently the data showed that inflation sits at a 31 year high with the supply chain bottlenecks continuing to strangle the economy. There are signs that it could be slowing down, but most people have a short-term perspective on this issue which justifies its position in the poll.
In second place is the 22 percent of Invstrs who don’t have an idea on how inflation will look in the next few months. This option is completely understandable as most people aren’t economists, and it’s even harder to make an educated guess in today’s economic climate. Inflation was a tricky subject to tackle earlier in the year, and the same can be said now, making this a smart option for the silver.
Last on the podium, we have the 14 percent of Invstrs who believe inflation will remain the same. This is an interesting choice as inflation usually isn’t constant throughout long periods of time but looking into the short term this is a viable option. The causes of the inflation surge are starting to peak, which could lead to still waters until it declines. However, most economists don’t believe this will be the case, making it right for 3rd place.
In last place is the belief that inflation will decrease significantly, with only 6 percent of Invstrs backing this idea. This makes for an unrealistic choice because inflation often decreases gradually, and there haven’t been any immediate signs of a decrease in inflation, no matter what the government says. Anything is possible, though, so this easily slides into 4th place.
Make sure to check your portfolios to see if any of your investments have been affected by inflation! Have fun and see you all next week with more poll results!
The Invstr Team 🙂