Raoul Pal's Take on the World
Real Vision: Finance & Investing
00:00
Inflationary Effects of the Commodity Complex
i think we're teaing our s up for a situation where the narrative shifts from inflation and growth is bad to ok, inflations coming off. But growth is much worse than we expected. So that's the next big debate, inflation. The next part of this equation i've laid out what i think is demand destruction rit large, and it's already in the data. so then what does that mean for c p i? If we use the same inventories to new orders ratio, which is the next chart, this leads c p i. Now, c p i, if you can see on this, is crazily elevated. It's because of therus situation and some
Play episode from 06:43
Transcript
