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The "Coming Inflation"
has already started
Those who fail to learn from history are doomed to repeat it.
Winston Churchill
CYCLES 2
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Commodity Price Cycles since 1795

supercycles for commodity prices

Red dots: major inflation peaks, Blue dots: major inflation troughs
1970s INFLATION 2
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1970s Inflation Price Surges:

1974 Sugar= 5x
1976 Coffee= 4x
1977 Cocoa= 4x
1979 Gold= 4x
1980 Oil= 8x
GOLD gold
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2021
GOLD

early harbinger

of the Coming Inflation
IRON ORE 3
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2021
IRON ORE

early harbinger

of the Coming Inflation
COPPER 2
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2021
COPPER

early harbinger

of the Coming Inflation
STEEL 2
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2021
STEEL

early harbinger

of the Coming Inflation
COFFEE
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2021
COFFEE

a nascent (?) harbinger

of the Coming Inflation
1 Year Inflation Expectations2
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The Fed repeatedly that asserts inflation surge is transitory.
But the US consumer has now lost hope: 1-year inflation expectations have soared to almost 7%, the highest in 13 years !
Inflation Calls Sharpen2
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Are companies worried about inflation? You bet!

BofA analysts tallied references to "inflation" during the latest quarter earnings calls and estimate they rose 400%.