1/Today's @bopinion post (actually yesterday's) is about inflation!
There are two big things everyone needs to understand about inflation, and neither of them concerns the price of lumber or cars.
https://t.co/2VXsqToAXa
"Everybody knew ECB was missing their inflation targets by more than a mile but it's going to miss it by a full ocean after COVID."
When a mile makes sense...
Equities down.
Consumer Spending low.
Inflation figures loosening.
Post-COVID downside risk is coming.
While Stimulus is boosting income.
Recovery may be faster than expected.