The Spanish flu of 1919 serves as a roadmap for the current macro environment.
To note, the rise of wholesale prices became a global phenomenon. Grocery stores began hoarding inventories to sell at higher prices, forcing governments to intervene and criminalize these actions to avoid an even larger hit to the consumer. — Otavio (Tavi) Costa (@TaviCosta) December 26, 2020 Inflation surged above 20% in 1920 and the Dow … Read more