Inflationary waves of the 1970s…

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inflationary-waves-of-the-1970s…

As inflation decelerates investors will think it’s the end of it.

Not my view.

This is a structural problem caused by secular forces:

▪️ Wage growth
▪️ Commodity shortages
▪️ Reckless fiscal spending
▪️ Deglobalization

Inflation develops through waves, we just saw the 1st one pic.twitter.com/ZT7DSpXGjX

— Otavio (Tavi) Costa (@TaviCosta) December 13, 2022

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