Friday, February 16, 2018

Read the Paper

Ah you're breathing faster
Silence the only sound
There's no need to be nice on the way up
'Cause you're not coming down
--Genesis

It's been a long time since I've heard this much chatter about rising inflation. With supporting evidence too.

Take, for example, my old sector. Pulp and paper has been suffering from overcapacity and declining demand for so long that durable price increases were a pipe dream. Now look:


As noted before, once inflation--both perception and reality--gets going, it's hard to stop.

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