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This time the US really is heading into a serious inflation storm Read this exclusive extract from our Economic Intelligence newsletter and sign up at the bottom of the article to get it every Tuesday 11 May 2021 • 12:28pm The US labour market is as tight as a drum. Small firms cannot find workers, and hourly wages are suddenly surging. It screams incipient inflation. The National Federation of Independent Businesses said 45pc of its members are struggling to fill positions, the highest since the modern series began in the early 1970s. It may soon be time to ask whether the US is in the foothills of an inflationary wage-price spiral, compounding the commodity price spiral that has been underway for several months. ....
by Tyler Durden Wednesday, May 05, 2021 - 04:00 PM While bonds, crypto, and the dollar largely trod water today, Commodities rose for a record 16th straight day today. Source: Bloomberg Source: Bloomberg After Janet Yellen shit the bed yesterday, today s bounce was barely noticeable (and non-existent in most cases). The Dow outperformed on the day with Big-Tech and Small Caps the laggards. At 1400ET a major sell program slammed stocks - around the same time as the Biden admin supported the waiver on COVID vaccine-patents at the WTO. Source: Bloomberg Peloton puked as it recalled its child-eating Treadmill. Drugmakers were clubbed like a baby seal as the Biden admin decided to hand over their IP on the vaccines to the world. ....