Below are some of the most interesting articles, quotes and charts I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.
Jamie Dimon has some thoughts on inflation.
"All of the following factors appear to be inflationary: ongoing fiscal spending, remilitarization of the world, restructuring of global trade, capital needs of the green economy and possibly higher energy costs due to a lack of needed investment." https://t.co/lCHqXoIC7s
— Jesse Felder (@jessefelder) April 8, 2024
“Ongoing fiscal spending” appears inflationary.
Rising US government debt: What to watch? Treasury auctions, rating agencies, and the term premium https://t.co/fgTWGfQTMy pic.twitter.com/hcAJLrwvyN
— Jesse Felder (@jessefelder) April 12, 2024
As does the “remilitarization of the world.”
'"The Chinese defense industrial base is increasingly on a wartime footing." If that isn't a clear enough warning, I don't know what is. Even as the US ignores its inability to build ships and missiles, China is shoring up weaknesses in fuel and finance.' https://t.co/B9JKaPJ7sP
— Jesse Felder (@jessefelder) April 10, 2024
Add to these issues the “restructuring of global trade”…
"People like me grew up with the view: If people send you cheap goods, you should send a thank-you note. That's what standard economics basically says. I would never ever again say, 'Send a thank-you note.'" -Janet Yellen https://t.co/NQ03D93Ye9
— Jesse Felder (@jessefelder) April 3, 2024
…and the “needs of the green economy” in the wake of a “lack of needed investment” and it’s hard to argue we’re not already in an entirely new economic and investment environment.
Doctor Copper Has A Message On Inflation https://t.co/zCUE3nHsaB by @McClellanOsc pic.twitter.com/s1R20UiAkS
— Jesse Felder (@jessefelder) April 11, 2024
