July 19, 2022

More inflation to come

We are on the verge of a recession that may or may not happen - we could already be in one, but we won't know for about a week. Whether we are or aren't there's still a major problem, inflation (which generally isn't supposed to be concurrent with a recession) isn't over by a long shot, as Peter Zeihan explains:

Every point he makes is spot on.  There's more to the monetary policy side of the story he only touches on, but regardless, his observations and conclusions are completely correct.

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