Tavi Costa: A second wave of inflation is likely underway

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Oh boy.

Global freight rate for containers just surged 61% this week.

Not the time to celebrate the end of inflation.

A second wave is likely underway.

H/t @dailychartbook pic.twitter.com/X9K2DZJDWR

— Otavio (Tavi) Costa (@TaviCosta) January 5, 2024

See also US Dollar's strength causing global currency crisis, dislocation likely ahead. Japan will panic. The reverse carry trade isn’t f**king over.

See also China's 2-year government bond yields drop below 1%, economy is rapidly slowing. Second largest economy in world DEFLATING now.