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Right now, congestion in global supply chains is driving inflation higher. At some point, that will sort itself out. So will that mean an end to high inflation? Not necessarily, says John Stepek. Here’s why.
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Rabobank: Is It Possible The Fed Is So Stupid It Doesn't Understand What It Is Doing by Tyler Durden By Michael Every of Rabobank Warning: May contain crisis I am lucky in that I don’t have a serious food allergy, such as to peanuts. I fully grasp just how dangerous these can be to those that unfortunately do, and why we need clear food labels to show if there is even a trace of nuts. Having said that, I always find it ironic that when I get given the standard packet of peanuts on a plane, it is labelled:
© Getty Images Brent crude has gained 23% to around $64 a barrel this year. Its gains have already surpassed the most bullish of forecasts, says Avi Salzman for Barron’s. Bank of America thinks crude will hit $100 a barrel “from time to time” over the next five years. Before 2014 crude regularly traded above $100. That era ended when US shale drillers began to pour millions of new barrels onto global markets. There are two key factors currently capping oil below $100 a barrel. First, energy cartel Opec and ally Russia are currently withholding about seven million barrels per day (mbpd...
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