Kurt Nelson On What To Expect From Today's Inflation Data

Kurt Nelson, Founding Partner & CEO of SummerHaven, was surprised by the high PPI number last week and says the CPI number is expected to come in around one-half of one percent. He says the the accelerated rollout of vaccines will help us reopen and that the pandemic crisis is very different from the 2008-2009 financial crises. He mentions the labor shortage in Peru and Chile as they have been hit by Covid-19 and unions striking for better conditions. He talks about the year-over-year M2 money supply growth, saying it has grown 25% in the last year, and we haven't seen that in 50 years. He points out the increased printing of money.

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13 Apr 2021

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Kurt Nelson On What To Expect From Today's Inflation Data

Kurt Nelson, Founding Partner & CEO of SummerHaven, was surprised by the high PPI number last week and says the CPI number is expected to come in around one-half of one percent. He says the the accelerated rollout of vaccines will help us reopen and that the pandemic crisis is very different from the 2008-2009 financial crises. He mentions the labor shortage in Peru and Chile as they have been hit by Covid-19 and unions striking for better conditions. He talks about the year-over-year M2 money supply growth, saying it has grown 25% in the last year, and we haven't seen that in 50 years. He points out the increased printing of money.

Futures

13 Apr 2021