Blackrock, a leading shareholder/investor in industries that benefited from the pandemic and lockdowns, such as Pharmaceuticals (Pfizer, Moderna), podcast and social media firms (like Spotify, Facebook, Twitter) and real estate firms, greatly benefited from the pandemic-related inflation and easy monetary policies.
“Supply constraints”, he nails the reason why we have higher inflation, caused largely by Covid lockdowns and Covid isolation policies. He also rightly identifies another policy that’s going to raise inflation even further, and that’s chasing the insane goals of Net Zero.
“Supply constraints”, he nails the reason why we have higher inflation, caused largely by Covid lockdowns and Covid isolation policies. He also rightly identifies another policy that’s going to raise inflation even further, and that’s chasing the insane goals of Net Zero.