As the U.S. economy is starting to recover briskly and sees consumers coming back out to play again producers of goods are increasingly finding themselves in a similar situation, that is, Shortages for various products. Our Chief Equity Strategist and Economist, John Blank, helps us understand what’s going on.

1. John, I’ve personally seen the shortage of cars and large household appliances for sale. What’s driving this?

2. What’s the implication here for the recovery process?

3. Does this shortage help to keep inflationary pressures rev’d up?

4. What do you think of the latest Consumer Price Data? Was it a non-event?

5. There’s also something called “Wage Push Inflation” that you don’t hear discussed much. What is that?

6. What does all of this do to your economic outlook going into the second half of the year?

7. There’s also economic impact to oil that’s moving higher, correct?

8. Let’s look into the effect of that through the lens of global oil producers, namely… PetroChina , Petroleo Brasileiro SA (PBR Quick QuotePBR - Free Report) and Suncor Energy (SU Quick QuoteSU - Free Report) .

The economic snapshot with our Chief Equity Strategist and Economist, John Blank. With John, I’m Terry Ruffolo.