Bloomberg – Head of Investment Strategy Hank Smith spoke with Caroline Hyde, Taylor Riggs, and Sonali Basak of Bloomberg Markets: The Close about wage price spirals, supply chain bottlenecks, and inflation. When asked if inflation is still considered transitory, Hank responded, “Some of the trends that have kept inflation at bay for the past thirty years haven’t gone away—that is technology, globalization, and demographics.”
Click Here to View the Program with Hank’s commentary starting approximately an hour and twenty-five minutes in.
