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Motley Fool Hidden Gems Investing

Inflation Runs Hot

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 12 April 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

Inflation hit 8.5% in the month of March, the highest since 1981, and signs of demand destruction may be appearing in the used car market.   (0:17) Yasser El-Shimy joins Asit Sharma to discuss: - Why investors are hoping that inflation has peaked. - Carmax’s earnings miss and the state of the used car market. - The growing trend of buying homes sight unseen. When are you gonna get me a car? (14:55) Alison Southwick and Robert Brokamp continue their conversation with Ron Lieber, personal finance columnist for The New York Times and the author of “The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.”   Got a question about stocks? Call our voicemail: 703-254-1445   Stocks mentioned: KMX, CVNA, FTCH, ZG, RDFN   Host: Asit Sharma Guests: Yasser El-Shimy, Alison Southwick, Robert Brokamp, Ron Lieber Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Inflation is up, used car sales are down, and millennials are buying homes blind, you're

0:11.4

listening to Motley Fool money.

0:17.9

I'm Asad Sharma, sitting in for Chris Hill who's on vacation, and I'm joined today by

0:23.0

Motley Fool analyst Yasur El Shami.

0:26.4

Yasur, how are you doing?

0:27.8

I'm doing very well.

0:28.8

Thank you, Asad.

0:29.8

Consumer price index numbers came in this morning, Yasur, and they were hot.

0:34.9

Yes, they were.

0:36.4

We saw the, you know, inflation is a hot word right now.

0:40.2

Everybody's talking about inflation.

0:41.6

You can feel it at the gas pump.

0:43.1

You can feel it at the grocery store.

0:46.1

You can pretty much feel it everywhere in all aspects of our lives.

0:50.4

And you can blame supply chain disruptions, labor shortages, energy prices and so on and

0:56.3

so forth.

0:57.8

But really, you know, we have seen very high numbers, not since January 1982, have we

1:03.6

seen consumer price index that's high 8.5% from a year earlier.

1:08.6

And that is following a 7.9% annual gain in February, so a 1.2% month over month increased.

1:16.6

So it's not just that the year-over-year comparisons are bad, but prices are just literally increasing

1:22.0

on a monthly basis.

1:23.8

And of that increase, about 18% gain came from gasoline prices.

...

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