Coming in Scorching - The Irrelevant Investor


There was some optimism that peak inflation could be behind us. It appears like that was wishful pondering. We simply received the numbers for Could and every little thing is coming in scorching. At 8.6% y/o/y, worth will increase are accelerating.

Principally every little thing goes up. The airfare element skyrocketed 37.8%, by far the best studying of my lifetime. Gas oil climbed 106.7% y/o/y and 16.9% m/o/m. Fruits and veggies are up 8%, meat is up 12.3%, hen is up 17.4%, eggs are up 32%, and milk is up 15.9%. Do you want Apples? They’re up 6.2%. How do you want them Apples?

We haven’t seen worth will increase decelerate the financial system simply but. The housing market has cooled off, however the labor market continues to be tremendous tight and earnings revisions have but to return down. However eventually, and I don’t faux to be an economist, however eventually we’re going to see demand destruction. The largest query now's how rapidly will inflation change client spending and the way rapidly will that cool off inflation.

Josh and I lined inflation and far more on this week’s TCAF with Simon Lack.




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