It is not an *excess* of demand that is driving inflation, but a *reallocation* of demand…. Americans have dramatically increased their spending on goods leading to supply chain issues

I agree Mr. Politano. That people couldn’t spend much money on services during the pandemic led to more demand for goods, leading to supply chain issues. Let’s see whether this trend shifts.

— Kaya Özyürek (@financeplumber) January 17, 2022

Not just motorists feeling the pinch from soaring oil prices. Shipping freight rates from China have risen for a fifth consecutive week. pic.twitter.com/xECpRHlS1L

— David Scutt (@Scutty) January 17, 2022

Full steam ahead for container shipping profits leaves inflation in its wake https://t.co/TQFTi1Q0kw

— Bloomberg Markets (@markets) January 18, 2022

tHE fed IS lOsing CreDibiLITy on infLatioN pic.twitter.com/xVtBXECC9Q

— Joe Weisenthal (@TheStalwart) January 18, 2022

Another record hit for ships in queue at LA/LB ports@caitlinsgilbert @FT @MXSOCAL pic.twitter.com/fKtI9NGDge

— Liz Ann Sonders (@LizAnnSonders) January 18, 2022