Inflation is not a CPI number but the actual pricing and decision-making of households and businesses; once the inflation genie was let out of the bottle after 2020, it was never stuffed back in, and we achieved at most a temporary pause through aggressive rate hiking, but we're now at a much higher baseline where wages and price expectations remain elevated.

causalpending

Speaker

Ben Hunt

Evidence Quote

inflation is the actual pricing and decision making of households and businesses... people raise prices they they because they can and so they will... the genie was never stuffed back into the bottle... we're at a much higher Baseline level

Source

Making Sense of Markets in a Post Election World | Grant Wiliams and Ben HuntExcess Returns
Created: 8/11/2026, 7:30:05 AM

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