Inflation Is Already There in U.S., Saxo Bank CIO Jakobsen Says

The video discusses the current state of inflation, particularly focusing on rent equivalents in the US, with examples from San Francisco and New York. It highlights the challenges of price discovery in markets controlled by government fiscal spending and the Federal Reserve. The video also addresses supply side constraints, including increased costs in last mile delivery and shipping. Finally, it provides insights into the commodity market, noting the positive yield for the first time in years.

What is one of the main issues with the US CPI as discussed in the video?

• It is heavily influenced by rent equivalents.

• It accurately reflects the current market conditions.

• It is not affected by government fiscal policies.

• It shows a decrease in commodity prices.

Why is price discovery challenging in the current market?

• Because the market is controlled by fiscal spending and the Federal Reserve.

• Due to the lack of fiscal spending by the government.

• Due to the abundance of price discovery mechanisms.

• Because the market is entirely free from government control.

What has been the impact on last-mile delivery costs?

• They have decreased by 50%.

• They have remained stable.

• They have increased by 50%.

• They have increased by 10%.

What is a significant change in the commodity market mentioned in the video?

• The roll yield of commodities has remained unchanged.

• Commodities are no longer traded.

• The roll yield of commodities is positive for the first time in many years.

• The roll yield of commodities is negative.

What is one of the reasons for the increased transportation costs?

• Overinvestment in infrastructure.

• Underinvestment in infrastructure.

• Decreased demand for transportation.

• Stable shipping costs.