https://www.mauldineconomics.com/frontlinethoughts/stumbling-to-scarcity#plasticAfter reading this, as well as seeing the following tweets:
https://twitter.com/hmeisler/status/1385946174537015297Reminded me of a time several years ago when there was a lot of talk of inflation. While the Fed was saying no core inflation, the memes were running wild about no inflation if one doesn't need to pay rent, doesn't need to eat, etc.
However, I am quite convinced that while we are seeing transient inflation pressures currently, as mentioned in the Mauldin article, these things are transitory by nature (anyone remembers the saying: "the solution for $100/bbl oil is $100/bbl oil"?) as human nature hasn't changed, and things will self adjust in due time (not such a long horizon). However strong DEFLATIONARY forces that exist, don't have a way of self-resolving so quickly, as these are generational forces (huge debt overhang, slowing population growth or outright shrinking and aging population, automation, etc.)
And to counter things in the short term, you actually have this:
https://twitter.com/jsblokland/status/1386327451333242880