This means that the biggest risk to the global economy may no longer be a renewed downturn because of fresh virus outbreaks, but may now be higher inflation because of tight goods supplies and excessive wage pressure. Although we expect a significant part of the goods supply squeeze to abate over the next year, at present the stress on supply chains is substantial and inventories in semiconductors, durable goods, and energy markets are very low. In such an environment, even a moderate production outage resulting from covid outbreaks in China, an energy demand spike related to a cold winter, or other short-term disruptions could have sizable economic effects.
So Goldman monkey predicts crude oil to $90 or higher in Q4-2021? Citi predicts crude oil to $120 next summer. Bank analysts fuel the inflation too. They can say whatever they want.
In a society where consumption matters more than anything else and where many people live at the brink of bankruptcy that's probably true.
Crypto has nothing to do with inflation or economy.... It will crash some day. TSLA will crash too. Cathie Wood will crash and takes her zillons $$$ to her retirement. You investors will hold all the losses. Look back at BYND, PTON and all the EV and green energy stocks. Also most of the SPACs. All cheaters to get your investment money....