Inflation is on the rise – but just wait until the electric vehicle revolution starts turbocharging prices, Stagflation
Inflation is on the rise – but just wait until the electric vehicle revolution starts turbocharging prices, Stagflation
Oil prices have risen 80pc over the last year – as the global economy has rebooted. Food inflation is soaring, with global wholesale crop prices up an extraordinary 40pc in May, compared with the same month last year.
Copper prices have more than doubled over the last year, for instance, given that electric cars need five times more of it than conventional vehicles.
And then there’s the looming danger that efforts to unwind or even just slow QE could provoke yet another nasty meltdown, as bloated financial asset prices collapse.
A nasty inflation spike would destroy business confidence and hammer investment, causing “stagflation”
Liam Halligan Telegraph 13 June 2021
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