Hello Economy, Anybody Home?

If diesel is really in a shortage situation, that makes this chart all the worse.

Will There Really Be a Diesel Shortage?

I'm skeptical about the diesel shortage. There is chart evidence both for and against. The two important charts are below. If you'd like some more discussion, see it here: Clearing the Smoke: Diesel Edition

Speaking of Inflation, Diesel is Up 40pc in a Month

Many people rightly point out that a supply shock is not inflation, but what they fail to consider is that if you have a supply shock, you by definition have printed too much money. If the central bank doesn't tighten up money supply, then people can easily bid the price of say, diesel, to the Moon. Hiking interest rates doesn't make more diesel available, but it can be the difference between $7/ga diesel and $20/ga diesel.

Look at this Ho

This is gaining in popularity. I don't know what to make of it. I see both a major top and a potential bull flag in the making. What I do know is that higher prices = higher shipping costs = higher inflation.