by Tyler Durden
Saturday, May 08, 2021 - 02:18 PM
With BofA predicting that the US is facing a period of "transitory hyperinflation" as a result of soaring commodity prices in everything from metals to food...
The @UNFAO global food price index rose for an 11th month in April to a seven year high at 120.9, representing a y-o-y jump of 30.7%. Food #inflation has not risen this fast since 2011 with all sectors rising led by sugar and oils - #agriculture#grainspic.twitter.com/V78egWukzI
— Ole S Hansen (@Ole_S_Hansen) May 6, 2021
.... and beyond, in what increasingly more warn is a stagflationary burst right out of the 1970s playbook...