Jesse Felder and I recently completed another podcast. Our discussion was focused on rising corporate costs and growing signs of inflation. In my opinion, inflation remains a difficult and unpopular topic to cover. The bulls don’t like it as it interferes with the “rates will remain lower for longer” theme. Meanwhile, many of the bears don’t like inflation as it conflicts with the viewpoint that “the economy is weak and there’s too much debt” (both deflationary).
I’d like to thank Jesse for shedding light on what I believe remains a contrarian view — inflation is trending higher and does not appear transitory (at least until asset prices crack). I hope everyone enjoys our conversation!