Hey everyone - let me know if anything below doesn’t make sense. I’ve been running on fumes lately, but doing my best to keep the content flowing.
1: Beer as a share of US alcohol revenue continues its 20 year decline
2: Very little of what the world produces actually gets recycled
(If someone can explain what this chart shows, please share.)
3: Economists still forecasting that the current inflationary pulse is transitory
The forecast generally assumes supply chain bottlenecks work themselves out and monetary policy becomes more restrictive. Problem is, restoration of the supply chain is a slow and unpredictable process. While there are nascent signs that the supply bottleneck is starting to ease in some places, persistent problems could place policy makers behind the 8 ball. Higher inflation demands a monetary response, but tightening monetary conditions could restrict the very investment required to bring supply back online. This risks a stagflationary outcome.
4: People continue to quit at a record pace
A portion of the quits are due to unexpected early retirement. However, those seeking alternative jobs are primarily leaving for the money. Understandably so, with corporate profits hitting records and the cost of living rising significantly. People who stay put are often getting measly 2% pay increases, so they leave for greener pastures.
Moreover, many essential workers have been treated as disposable during the pandemic (despite many of these people being hailed as ‘frontline heroes’) and are now standing up for themselves. Anecdotally, even those heavily invested in their careers (e.g. nurses) are beginning to quit because they’re sick of being treated like shit.
Finally, others are quitting because the pandemic has forced them to re-think their lives pushing them towards more meaningful careers.