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Stagflation fears intensify - it won’t bring back lorry drivers

Supply chain disruptions sweeping major economies have reawakened an old nemesis for investors: stagflation.

... with oil topping $80 a barrel, global food prices a third more expensive than they were a year ago and other commodities at decade highs...

“Hiking  will reduce demand a little bit and strengthen the currency. But it will have no impact on supply chain issues [ . . .] it won’t bring back lorry drivers.”

FT 30 September 2021


Nice chart

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