Comments by "Frederick Miles" (@frederickmiles8815) on "72% of fund managers say inflation is transitory: Bank of America survey" video.

  1. Study 1928-29; cost of production increases as does cost of labor - combined with an inability to increase prices to wholesalers and consumers who are beyond levered up - leading to profit margins getting crunched and reductions in production. All roads lead back to deflationary pressures building for the holder of the reserve currency as QE (MMT) becomes the norm - on the otherside of the coin I am happy Dimon is using the inflation narrative to push the Fed into higher rates to avoid the US going negative. Modern banking will just be risk factory without rates increasing - increased margin and naked shorting tell that story. For his next trick can he convince the US government to evolve the safety net trust model to a transaction float model that would kill the risk of unfuneded liabilties and allow the fund to sell to our banks the 2 trillion + in Treasuries it has on hand in order to fix our massive collateral crisis?
    1