Long Historical Cycles: Where are we in a 20- or 30-year inflation cycle? Are we transitioning from a disinflationary era into an inflationary one?

• Structural Indicators: Have demographic trends changed substantially? Is globalization giving way to regionalization? Are commodity investment patterns and energy transitions setting the stage for

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From a politicians’ standpoint, the best realistic scenario for them is that money supply growth will be high to support the deficits as needed, but that there will be enough productivity growth from AI and other areas to offset it and prevent aggregate prices from increasing too rapidly.

The problem, however, is that even if that were to happen for

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Inflation, Interest Rates, The War in Ukraine & Commodity Prices, Labor Markets and The Great Repricing