An ideal summation of the inflation downside


CRB index

Bloomberg’s Connor Sen had this to say on Sunday and I believe it is a terrific abstract of what’s to come back:

I believe if we’re all sincere we’d admit that we are able to’t increase wages for decrease revenue employees, compensate for a decade of underbuilding in housing, and spend money on EV’s/local weather/infrastructure, whereas additionally holding inflation to 2%. The targets are in battle.

I am not so positive that is a low-wage downside or an all-wage downside however his level stands. I additionally suppose the dialog concerning the prices of the inexperienced transition is coming. There merely aren’t sufficient uncooked supplies and industrial capability to construct what must be constructed (together with the most recent US infrastructure package deal). I consider that, nimbyism and anti-oil insurance policies have set us up for chronically excessive commodity costs — significantly in industrial metals, metal, lumber, oil and pure fuel.


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