“So I just don’t think a lot of people have seen this. When’s the last time anyone here has seen interest rates up 2 years in a row and 6 or 7 times this year and 4 or 5 next? Nobody has seen that. Nobody has seen a lot of a lot of things that...Read More

Inflation is always caused by an imbalance between supply and demand. And that imbalance is almost always due to the actions of government bodies. (Well, we think it’s almost always, but we are not certain.) The oil market is a great example. A tight supply situation was exacerbated by Russia’s invasion of Ukraine. Prior to...Read More

Inflation is on everyone’s mind and energy pricing has been a significant contributor. We have been discussing our concern that inflation has taken on a more structural ‘feel’ versus being transitory from the pandemic re-opening process. Supporting this argument is the impact from an aggressive move to renewable energy as demonstrated by Germany. The graphic...Read More