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The likely surge in inflation is hitting mortgage rates, bond yields and central bank balance sheets
From notayesmanseconomics.wordpress.com
The conflict in the Middle East has been reminding us of a few things. Some were obvious such as the risk to the supply of oil and gas. Others have been consequences of that such as the supply of fertilizer which has implications for food prices. tweet The US department of energy points out that more 160 products are made from oil and gas including solar panel and wind turbine blades. Sometimes you really couldn’t make it up. So as the war continues into week four we can start with out first clear economic impact which is inflation. Looking at the price of a barrel of Brent Crude we see that it has risen in price ... (full story)