Some reasons why the Fed’s & consensus view on inflation being transitory could turn out to be dead wrong.

🇺🇸 Some reasons why the Fed's & consensus view on inflation being transitory could turn out to be dead wrong. Higher & longer inflation hump. And tight labour market once the "spike" at a later stage has passed… Charts… pic.twitter.com/HQYxnmxmul

— Mikael Sarwe (@MikaelSarwe) April 22, 2021

* Year-over-year gain in US used car prices: 52%

* Year-on-year US house prices: +17% highest ever

.. “both lead barometers for US inflation,” says B of A pic.twitter.com/ZIoutnUEwq

— Carl Quintanilla (@carlquintanilla) April 23, 2021

The Corn is having an incredible run $CORN $CORNQ pic.twitter.com/zUJ2MeaBt4

— Joe Weisenthal (@TheStalwart) April 22, 2021