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Commodities Signal Stagflation Risk

Commodities Signal Stagflation Risk
Machines load imported coal from a cargo vessel docked at a port in Rizhao in east China's Shandong Province on Nov. 21, 2019. Wang Kai/Xinhua via AP
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Commentary

The Bloomberg Commodity Index bounced more than 2 percent in the first week of January. At the close of Jan. 10, most commodities are rising well above global GDP growth estimates.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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