The thing you need to hear about inflation
Courtesy of Joshua M Brown
We don’t have the same economy as we had in the 1970’s. Thinking about inflation through the lens of the 70’s is incorrect. We have an economy built around intangibles and consumer spending, not metals, mining, heavy industry and manufacturing. Technology will remain a disinflationary force, perhaps the most important force in the economy.
Please listen to this very important explanation for why inflation will indeed be transitory from Viktor Shvets, a Managing Director at Macquarie, on the Odd Lots podcast with my friends Tracy and Joe. I am telling you that this is must-listen…
