The last time global food prices rose like this, the early 2010s, it set of a series of conflicts throughout the Middle East and elsewhere
The Fed can say that they don’t care about inflation overshoots until the cows come home. The market clearly cares and that’s all that matters.
New York City may have lost 5% to 10% of its population in just six months in 2020
“The Fed has appointed itself the First Vice President of Everything”
Equity and bond prices have been feeding off of increasingly negative real rates since 2018
Fowler and Wortman Rocket
This is going to be a wild ride.
One the of best argued cases for a ‘reflationary’ outlook
Is the tide finally turning against the Big-Tech woke-mob?
“This bond market is so radically oversold that if you’re going to ask me where we are right, now do you see 2% or 1%, I think we are going to peel back to 1%”