Inflation or Deflation? Jack Dorsey, Cathie Wood, Elon Musk, Jeff Booth Debate!
The Breakdown
00:00
The Future of Inflation Is in the Air
Inflation has flared in response to covid related supply chain, bottle and oil supply constraints. Despite the burst encyclical innovation during the last year, velocity is hover at low levels. If arc an vest is correct, the next leg will be down. I am struck by the behaviour of millennials, who, at the margin, are sacrificing short term consumption to paydown student loans or invest in crypto and other assets. Bank loan growth also is tepid, which would not be the case if velocity were increasing. The consensus view is that inflation will remain an issue and could get worse,. suggesting that the equity and fixed income markets are incorporating it into discount rates. Deflate would be
Play episode from 05:19
Transcript
