As our subscribers know, Hedgeye CEO Keith McCullough made the call to go LONG INFLATION in June 2020. Not only did Keith "make the call," he started going long of the assets set to benefit from the rip-roaring inflation we've had since.
While the Fed gaslighted Americans and investors into believing inflation was a temporary phenomenon (using the vague term transitory) our inflation call notched big time gains.
As usual, our in-house cartoonist Bob Rich had his finger on the pulse of the macro zeitgeist. He began chronicling rising inflation and the nonsense spewed from the Fed... all the way from June 2020 until today.
the blind, misleading, MALFEASANTS running the fed...
The bold-facing lying (almost) became comedic...
Hear no inflation, see no inflation, speak no inflation
Their inflation forecasts were, and are, complete garbage; grossly understating the salient inflation that everyone felt and saw in their daily lives. What are the requirements for an Ivy League PhD in economics again?
They backed themselves into a corner with "transitory."
they are creating a monster...
That they couldn't even control anymore.
That tramples over OUR PURCHASING POWER
Which will, inevitably, swallow them whole.
And is now here for the FORESEEABLE future; inflation will be higher for longer.
There's nearly nowhere left to hide from it anymore. Inflation is here to stay.
So how did we "fight the fed?"
We went long of inflation.
FYI ... Bob creates a new cartoon every day based on the economic topic du jour. If you'd like to not miss his extraordinary "Cartoons of the Day," click here to get them emailed to you for free.
