Here are three things I think I am thinking about to start the week. Let’s talk about three big asset classes…. 1) Commodities and an inflation resurgence: I think I’ve had a decent track record on inflation over the last few years during a pretty tumultuous period of inflation. Early in Covid I said the huge government deficits created high inflation risk. In 2022 I said the rate of inflation had peaked just a few months before it did. And in 2023 and 2024 I’ve been calling for disinflation. Another risk I consistently dismissed over the years was the risk of hyperinflation and the risk of a 1970s/40s double bump ... (full story)