MacroVoices #524 Simon White: War + Inflation = More Inflation

Key Takeaways

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  War serves as a structural inflation catalyst - Geopolitical conflicts drive government deficit spending and disrupt global supply chains, creating a persistent second wave of price increases.

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  Food security is the next major macro risk - Supply shocks in agricultural commodities are driving sticky food inflation that remains resistant to traditional central bank policy tools.

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  Private credit is facing a liquidity reckoning - The breakdown in private lending markets suggests that the era of opaque, easy credit is hitting a wall as interest rates remain volatile.

Episode Description

MacroVoices Erik Townsend & Patrick Ceresna welcome, Simon White. They discuss the risk-off playbook, food price inflation, the breakdown in private credit, and much more. https://bit.ly/3PukOlC    🔻Download Big Picture Trading Chartbook 📈📉: https://bit.ly/4sQKUO3   ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag      🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna   🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/