100% current consensus view right here:
The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket. #ParadigmShift https://t.co/kNT4memOVt pic.twitter.com/Bdw1CDn3Yf
— Cassandra (@michaeljburry) February 20, 2021
100%....
Supply chain "costs" are there precisely because all sectors of the economy are NOT open. Once opened (and given additional stimulus) yes, demand will rise, but SO WILL SUPPLY.
ReplyDeleteAnother "genius" looking at one side of a balance sheet and making forecasts.