Who knew that just one week later BofA would need a bigger chart… a much bigger chart.
As BofA’s Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!
While the implications are obvious, we leave it to Bank of America to explain what this means:
On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, “transitory” hyper-inflation ahead.
Because if there is one thing hyperinflation is, it’s “transitory.”
Mon, 05/03/2021 – 21:20
Go to Source
Author: Tyler Durden