Great contents Matteo! About US inflation i would like to observe that there are under the hood not only monetary and "nominal" constrains, like monetary base or whatever, but, moreover, real bottlenecks around the globe, in world trade i mean (see freight fares, sometimes hiked x10 by shipping companies or port closures due to Covid or shortages of raw materials as well) that impede factories to work at full steam. We have, right now, like "physical" constrains that gotta be sorted out and then we could have, probably (i strongly believe), a more "plain-vanilla" way of doing biz around the globe. That should gonna make the economy come back to some normalcy and thereafter, as the economic machine mechanic tells us, make for much moderate inflation rate to which we all are more accustomed to. SB
Great contents Matteo! About US inflation i would like to observe that there are under the hood not only monetary and "nominal" constrains, like monetary base or whatever, but, moreover, real bottlenecks around the globe, in world trade i mean (see freight fares, sometimes hiked x10 by shipping companies or port closures due to Covid or shortages of raw materials as well) that impede factories to work at full steam. We have, right now, like "physical" constrains that gotta be sorted out and then we could have, probably (i strongly believe), a more "plain-vanilla" way of doing biz around the globe. That should gonna make the economy come back to some normalcy and thereafter, as the economic machine mechanic tells us, make for much moderate inflation rate to which we all are more accustomed to. SB