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Campbell Soup Company (CPB)

NYSE
Currency in USD
Disclaimer
45.55
+0.58(+1.30%)
Real-time Data

CPB Comments

Inflation fears are being overhyped. Look at the 80s, Inflation was over 4% on the regular and wages weren't even going up.
The issue is the economic environment is more similar to the late 60s than the decade of the 80s. With all of this printing that has happened since the 08 crisis and funding of government programs has gone on the environment has been set up to be ripe for stagflation unfortunately. Also the US government has changed how the CPI is measured since the 70s and 80s and if it were measured like it was back then, the inflation rate in 2021 would have topped any year of the 70s.While I'm hoping things calm down I just don't think it'll happen I think it's going to get a lot worse before it gets better...That concludes my TED Talk
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