August 10, 2023
Focusing on financial inflation and our debt levels is important, but just as important is commodity inflation. Although most commodities are down over the last 12 months a recent check shows a substantial short term month over month increase. Lack of CAPEX in extraction industries will tighten inventories and prices will continue to rise. Smooth Transition?
As always, please do not hesitate to contact us with any questions.
Horizon Kinetics LLC
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