Investors Won’t Buy the “Transitory” Inflation Line – Daniel Lacalle (05/19/2021)
The Federal Reserve and European Central Bank repeat that the recent inflationary spike is “transitory.” The problem is that investors do not buy it. Inflation is always a monetary phenomenon, and this time is not different. What central banks call transitory effects, and the impact of supply chains are not the real drivers of inflationary pressures. No one can deny…
Source: https://wallstreetwindow.com/2021/05/investors-wont-buy-the-transitory-inflation-line-daniel-lacalle-05-19-2021/
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