Thread by @CantillonCH

Many thanks to my old friend @steve_sedgwick & @SquawkCNBC for having me on this morning.
What did we talk about? What else but #inflation & the #Fed & the outook for next year?

This 12-tweet thread will post the slides I prepared for the show:-

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Like all crimes, #inflation needs means, motive & opportunity. Here's a lttle of the second:-

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As for means? Well...

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And here's your opportunity:-

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We should all be aware of the outcome by now:-

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As we've said, 2021 has echoes of 1946:-

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And it's a l-o-n-g way back to solid ground:-

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#bonds - doomed if they do: doomed if they don't:-

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So far, #stocks have shrugged it off. But even they won't be immune for ever:-

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#China might give #commodities a bit of a breather, but it's hard to see how engineered scarcity doesn't begin to bite again, thereafter:-

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At some point, selling the highs/buying the lows of the last year's ~sine wave range is going to fail. But, until then:-

#tech

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Hope you found it of interest.

Usual disclaimers apply: not investment advice, etc.

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@threadreaderapp please unroll