Since the Iran conflict escalated:
European Natural Gas +163%
Sulfur +89%
Heating Oil +80%
Jet Fuel +80%
Diesel +67%
Rice +62%
Sugar +50%
Gasoline +46%
This is what supply shocks look like in real time. Energy, food, industrial inputs — all moving in the same direction. And it's not abstract. It hits your heating bill, your grocery cart, your commute.
The Fed can't print natural gas or refine diesel. They can only react to the damage. Meanwhile, if you're holding cash or fixed-income at negative real rates, you're getting quietly crushed.
Inflation isn't always a monetary story. Sometimes it's just the world breaking down in ways central banks can't control. Plan accordingly.
European Natural Gas +163%
Sulfur +89%
Heating Oil +80%
Jet Fuel +80%
Diesel +67%
Rice +62%
Sugar +50%
Gasoline +46%
This is what supply shocks look like in real time. Energy, food, industrial inputs — all moving in the same direction. And it's not abstract. It hits your heating bill, your grocery cart, your commute.
The Fed can't print natural gas or refine diesel. They can only react to the damage. Meanwhile, if you're holding cash or fixed-income at negative real rates, you're getting quietly crushed.
Inflation isn't always a monetary story. Sometimes it's just the world breaking down in ways central banks can't control. Plan accordingly.