Latest / Felix Nikolas Prehn's Podcast
Rate Hikes Into An Oil Shock
We lay out why a Fed rate hike during an oil shock can squeeze the economy without fixing the real cause of inflation. We connect the dots between supply-side inflation, government debt refinancing, and why central banks are quietly buying gold while cash holders fall into an inflation trap.
• why oil-driven inflation behaves differently than demand-driven inflation
• how higher diesel and fertilizer costs flow into food prices and the wider economy
• what stagflation means and why the 1970s still matters
• why rate hikes can punish borrowers while prices stay high
• what the long-term charts…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.