#mufc will now switch their attention to other midfield targets. United are interested in several midfielders, including:
- Aurรฉlien Tchouamรฉni
- Carlos Baleba
- Alex Scott
[@TelegraphDucker]
When we recorded our June webinar, what struck me most was how much the data continue to push back against the inflation narrative. Productivity growth is running around 3%. Unit labor costs are roughly 0.5%. Truflation's core consumer price index (CPI) is near 1.3%. The jobs report came in strong and the market sold off.
When I look at the data, I don't see a 1970s-style inflation cycle others do. This is what a productivity boom looks like.
This mirrors what we saw in the 1980s and 1990s when investors worried about inflation, interest rates, and geopolitical risks. The market climbed a wall of worry for years as innovation and productivity transformed the economy.
I believe we're in a similar setup today.
The most exciting part is that the technologies driving this cycle are still in the early innings. AI, robotics, autonomous mobility, and multiomics are just beginning to scale and their impact on productivity is only starting to show up in the data.
We discussed all of this and much more in our June webinar.