Oct 13, 2021
Summary:
The underlying theme of the current economic circumstance is that
transitory inflation is not so transitory, and I sit down with Jim
Welsh to chat about this ongoing phenomenon. It seems that
inflation is either going to reach a higher level or plateau, and
deflation is most likely going to be the even bigger risk at play.
Listen in to hear more from myself and Welsh about what’s happening
in the economy and what to expect during this tumultuous time.
Highlights:
-Transitory inflation seems to be yesterday’s meme or theme
-Now purported tapering and employment numbers have to fit within
this
-It’s no coincidence that treasury yields are starting to head
North
-People wanted to believe that inflation would be transitory
-Inflation is going to reach a higher level or plateau
-Deflation is probably the bigger risk—population growth and lack
of productivity growth determine GDP
-We’re going to see a pop in the metals, and gold stocks will
probably move higher in the next 3-5 weeks
-The economy at large is slowing
-People can’t spend their money because there is not enough supply
to fulfill this
Useful Links:
Financial Survival Network
jimwelshmacro@gmail.com