The 1970s Inflation Shock Is Back. This Time Through WWE - Wages, War, Energy

First: the Federal Reserve’s institutional coherence is gone.
Second: the energy shock is not transitory.
Third: Japan is the most dangerously mispriced risk in global macro.
Against this backdrop, the AI infrastructure supercycle continues to provide a remarkable cushion.

https://x.com/arndxt_xo/status/2051296045662101834

https://threadingontheedge.substack.com/p/the-1970s-inflation-shock-is-back