The housing market already is on fire, and inflation will soon follow

 Manoj Pradhan, formerly a Morgan Stanley managing director in charge of global economics and the founder of Talking Heads Macroeconomics, said at a presentation held by fund manager Tabula Investment Management that inflation is going to heat up just when the Federal Reserve expects it to cool down, next year.

Pradhan argued that the breakdown of the Phillips curve — the traditional relationship that shows inflation rising as unemployment falls — occurred because of China’s entrance into the global labor force. But he said demography and the COVID-19 pandemic will fix it.

MarketWatch 26 March 2021


https://www.marketwatch.com/story/the-housing-market-already-is-on-fire-and-inflation-will-soon-follow-this-former-morgan-stanley-economist-argues-11616756309


Talking Heads Macroeconomics

https://talkingheadsmacro.com/thm/



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