Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
This headline would have been timely during Covid but the Rabid Capitalist intends it as a scenario of inflation risk. While Covid was the catalyst for these conditions in 2020, terrorism and military conflicts could be the cause in 2024. These supply shock risks demand monitoring by investors and policymakers alike.
Shipping supply shock risk would have notable consequences. It has been estimated that every 100 percent increase in shipping costs contributed .7 percent to inflation during Covid. The collective inflationary pressure could be much greater this time for a number of reasons.
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