New Odd Lots! If you've been waiting to hear Michael Pettis's thoughts on what Evergrande means for China's economy, you're in for a treat. Joe Weisenthal and I bring back Michael Pettis for the macro perspective. bloomberg.com/news/articles/…

Pourquoi les économistes pensent-ils que la hausse de l'inflation est temporaire ? Nouveau billet de blog avec Youssef Ulgazi ⤵️ 1/n blocnotesdeleco.banque-france.fr/billet-de-blog…

The Nobel Prize economists turned statistics into insight on.ft.com/3arzqL1

The global economy is entering a phase of inflationary risk, the IMF says, as it called on central banks to be “very, very vigilant” and take early action to tighten monetary policy should price pressures prove persistent.

Small business keep struggling here. Adding to commodity pressure, you have a labor shortage that is leading to wage pressure - worse since 1979

Someone asked me about trimmed mean inflation (which takes out the biggest moves in either direction). Sharing in case of broader interest--has picked up more than median CPI. Note this is one concept Jay Powell has been citing for inflation transitory.