AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Market Is Not Anticipating Wear Inflation
Market has expectations for wear inflation ill be over the next five years. But it doesn't anticipate a runaway inflation where you're consistently getting three, four, five %. In fact, i will go beyond that and say that disinflation is far more likely than two point two or two percent inflation. I see lots of people reaching to the analogy of the 19 seventies, or the 19 sixties, as an era of high inflationyes, they do. And yes, it will take a bit of time, but ultimately we are going to nanchor, so to speak, inflationary expectations, or aninflation will be much, much stronger than most people expect right now.