Maybe the inflation is 100% caused by the government. Loo…
Maybe the inflation is 100% caused by the government.
Look at copper. It peaks in 2011 after government stimulus impact fades out. It rebounds on hopium and then collapses as inflation narrative goes poof without stimulus.
Same pattern has formed again.
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For all the talk of inflation, there is 0% inflation in copper over the past 10 years (cherry-picking dates yes, but still…). Crude oil is at the higher end of its 15-year range, but also up 0% in the past 15 years.