Do not count on central banks to tighten. Yields will not rise because of talking about tightening but rather will rise because of accelerating inflation. The transitory talk is just wishful thinking and hope that words become reality.
The situation is different to past 2008… pic.twitter.com/y7xMPXjP1N
— Fabian Wintersberger (@f_wintersberger) May 26, 2021
Shipping. Despite significant excess capacity, prices are also rising to 2010-highs (Baltic Dry Index, especially capesize segment) pic.twitter.com/q3GC2gHpBb
— Daniel Lacalle (@dlacalle_IA) May 26, 2021
US home prices continue to outpace wages. pic.twitter.com/OsTEvzZpwe
— Win Smart, CFA (@WinfieldSmart) May 26, 2021
Coffee prices breaking out. 😬 pic.twitter.com/o3B6va0cM2
— Topdown Charts (@topdowncharts) May 26, 2021
COMMODITY INFLATION: The price of hot rolled coil steel has hit a fresh all-time high in North America. Year-to-date, HRC steel prices have risen ~95% | #METL #TransitoryInflationQuestionMark pic.twitter.com/vBUL1AEpVb
— Javier Blas (@JavierBlas) May 26, 2021
I guess he isn’t worried about another 2008-style financial crisis either. We hadn’t seen a collapse like that in 70 years.
It helps explain why he has been rolling back the post-crisis framework. Let’s improve Wall Street profitability in good times, then bail them out in bad. t.co/CdGqtyAIcM
— Gregg Gelzinis (@FinGregg) May 26, 2021
On this date in 2020, @SecYellen gave not one but two speeches, for a mere $67,500 each, to Fiserv and Ares Management.
Totaling $135,000, Yellen made about 4x the median U.S. annual wage. In one day.
— Rudy Havenstein, inflation truther. (@RudyHavenstein) May 26, 2021