The pandemic just accelerated and is accelerating all movements in our societies and economies. Trade war, social tensions, and even inflation were there, in place, before the Covid.
Inflation will be a key topic of my 2021 Strategy titled: Collision Course, not really the Bull Run 2021 of Goldman, even if in the end, your scribe will join the consensual call for the end of the year.
I wrote in a previous Global Macro Insight that the only way to be out of the inflation curse (following central bank metrics) was to leave in your car and watching Netflix on your giant flat screen.
The Central Bank CPI computation doesn’t take into account the correct weight of real estate, studies, and healthcare insurance costs for example. Easier to maintain the illusion of a deflationary world advocating for accommodative policies.
Prices of liquid crystal display panels are soaring like never before after pandemic stay-at-home demand for personal computers and televisions rapidly brought scarcity around the world.
PCs for online education at universities and other schools are also drawing strong demand around the world
The shortage of LCD panels caused by the booming sales of PCs and TVs have resulted in steep rises in the prices that PC and TV makers pay for them.
Prices for PC and TV panels have jumped 20% and 60% since spring, rises that a domestic analyst called “unprecedented.”
And you know what is the reflex of the new generation perpetually nursing illusions of deflation: they stop to consume…