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MacroHive/John Butler
“[C]onsider the widespread evidence of lingering supply backlogs and bottlenecks, signs energy prices have hit bottom, rapidly rising food prices and huge excess liquidity. If pent-up demand is released in 2021 amid this backdrop, prices may be driven much higher and faster than would be the case under more normal economic recovery circumstances.”
USAGOLD note: As we touched upon in yesterday’s DMR, commodities are on the rise across the board and some think the strength in copper is particularly suggestive of a bull run. Butler might be on to something here. Central bankers might be careful what they wish for: Once the inflation genie is out of the bottle it is difficult to get it back in.
Repost from 12-17-2020
The post 2021 grey swan #5…Prayers are answered. Inflation surges. first appeared on Today’s top gold news and opinion.