inflation
Transitionary or entrenched is a very big question
transitionary statements
US Fed reserve has been going on for months that inflation is transitionary - however inflation spiked to 7% - clearly well behind the curve. Here in Australia RBA has probably fallen behind the curve as well.
Entrenched?
let’s take FMG’s quarterly statement - they paid 100% more for the diesel they consume compared to previous quarters.
lack of energy investment is fueling oil prices marching towards US100/barrel - unless more supply is brought on or more electric vehicles used - this energy spiked inflation is here to stay for a while
labour shortage Inflation
You want workers you pay more - this is a problem across the board right now - this will resolve itself once borders and migration starts. Remember the big pools of labour and talent have been denied access to western nations for almost 2 years
So in my opinion inflation is here - need to curtail it - the western world should have jaw boned and started raising rates earlier to disrupt asset price inflation - housing is a great example
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