In a way it is like the inverse of Henry Royce's line about his motor cars:
"The Quality Will Remain Long After The Price Has Been Forgotten"
Except it is the price increases that will remain, long after the supply chain logjams are forgotten.
From Canada's BNN/Bloomberg, November 4:
Pershing Square Capital Management’s founder Bill Ackman has thrown his hat into the inflation debate that has been simmering on social media amongst influential newsmakers including Cathie Wood and Elon Musk.
Ackman in a Twitter post Thursday said that central bankers haven’t considered the inflationary impact of ESG initiatives that are likely to be “persistent and growing”, not just “transitory.” Stakeholder capitalism is expected to not only help lift wages, but also boost energy costs, among other inflationary factors, according to Ackman....
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Here is Mr. Ackman's tweet.
Earlier today:
BLS Real (inflation adjusted) Earnings Summary: Decreased Month-over-Month; Year-over-Year
Vontobel: "ESG is Inflationary"
"Not just the supply chain: Going green is hiking prices, too"
