Mark Blyth

somebody took supply off the market.

somebody took supply off the market.

So if you think about it, what actually happened was rather than people's expectations of prices getting unhinged, not really what's going on, it was a decade in which you got all of these supply shocks. Everyone just got up one morning and went, oh, things are getting more expensive. Slam. Shit, things are getting even more expensive. Slam. Can we stop getting slammed, please?

So if you think about it, what actually happened was rather than people's expectations of prices getting unhinged, not really what's going on, it was a decade in which you got all of these supply shocks. Everyone just got up one morning and went, oh, things are getting more expensive. Slam. Shit, things are getting even more expensive. Slam. Can we stop getting slammed, please?

So if you think about it, what actually happened was rather than people's expectations of prices getting unhinged, not really what's going on, it was a decade in which you got all of these supply shocks. Everyone just got up one morning and went, oh, things are getting more expensive. Slam. Shit, things are getting even more expensive. Slam. Can we stop getting slammed, please?

What seems to be the most common cause is we just get hit with all these supply shocks randomly. And then each of them have an inflationary impulse. Each of them die.

What seems to be the most common cause is we just get hit with all these supply shocks randomly. And then each of them have an inflationary impulse. Each of them die.

What seems to be the most common cause is we just get hit with all these supply shocks randomly. And then each of them have an inflationary impulse. Each of them die.

By the time that Volcker came in and made the price of borrowing incredibly expensive, the damn thing was nearly half over. He caused the recession that he didn't need to.

By the time that Volcker came in and made the price of borrowing incredibly expensive, the damn thing was nearly half over. He caused the recession that he didn't need to.

By the time that Volcker came in and made the price of borrowing incredibly expensive, the damn thing was nearly half over. He caused the recession that he didn't need to.

Time to check your bank accounts. The first of the stimulus payments started to appear in accounts over the weekend, and this is just the first.

Time to check your bank accounts. The first of the stimulus payments started to appear in accounts over the weekend, and this is just the first.

Time to check your bank accounts. The first of the stimulus payments started to appear in accounts over the weekend, and this is just the first.

The first one is the government spends too much money. It's Biden. It's the stimulus, right? All those stimulus checks. You had bros investing in crypto. Everyone's sitting at home, like, playing Xbox. I mean, it's absolutely ridiculous. Blah, blah, blah, right?

The first one is the government spends too much money. It's Biden. It's the stimulus, right? All those stimulus checks. You had bros investing in crypto. Everyone's sitting at home, like, playing Xbox. I mean, it's absolutely ridiculous. Blah, blah, blah, right?

The first one is the government spends too much money. It's Biden. It's the stimulus, right? All those stimulus checks. You had bros investing in crypto. Everyone's sitting at home, like, playing Xbox. I mean, it's absolutely ridiculous. Blah, blah, blah, right?

But... Problem is, countries that didn't mail out checks had just as much inflation. Oh, interesting. Right? So just let's park that. But it's one story. It's a very powerful story, right?

But... Problem is, countries that didn't mail out checks had just as much inflation. Oh, interesting. Right? So just let's park that. But it's one story. It's a very powerful story, right?

But... Problem is, countries that didn't mail out checks had just as much inflation. Oh, interesting. Right? So just let's park that. But it's one story. It's a very powerful story, right?