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Frederick Wieland's avatar

Great article, excellent insights. IMHO inflation is muted because all this monetary stimulus does NOT end up in the average person's bank account. It ends up in bank vaults, to be spent by a relatively few. To get inflation, govt workers will need more than the token 2% pay raises per year that they have been getting. Dityo for workers in private industry. the military, SS recipients, etc. Without $ in their individual bank accounts, the stimulus goes up in smoke--literally. Did you see the rocket launch with Bezos on it a couple of weeks ago? That is where the fiscal spending was burned up.

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Brandyn's avatar

Thanks for the great articles. I appreciate how you're able to distill the data cocophany into the main themes.

There seems to be so much focus on inflation and a commodity supercycle at the moment. Do you think that the commodity supercycle talk is a result of so much focus on inflation concerns? If we don't see persistent inflation then does that mean that a big underpin of the commodity price frothiness disappears and there will be a pull-back to lower levels?

Thanks!

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