Dec 23, 2020
Look out above. Jordan Roy Byrne sees things unfolding later next year. Once Covid has subsided, probably after the vaccine is distributed and herd immunity is achieved, people will start leaving their homes and spending money to make up for lost time. Money will be pouring into the economy. This will be the beginning of inflation, led by increased consumer prices. A look at the trend lines, shows the CPI is already heading higher. There will be a temporary growth pop and we're seeing copper take off, as a result; it's currently trading at $3.58. Commodity price inflation is baked in the cake. It’s anticipating growth and inflation, a strange convergence. No matter how you cut it, interesting times are ahead.