“It has pulverized the forecasts”, confirms the director of digital offer of investment products at Singular Bank, Victoria Torre. Forecast inflation for the United States was 5.8 percent. The confirmed data is 6.2 percent. US stocks developed the November 10 session with concern. But is it justified?
“The first thing we have to analyze is where this brutal rise in inflation comes from.”
“There is a breeding ground – Torre continues – that generates the current behavior of prices: excess savings; a very long period of low interest rates; and support from the central banks so that the money that has unbalanced the balance between supply and demand flows ”.
Demand rose vertically after the opening of economies. Supply has been unable to pick up this momentum: there have been supply problems. But not only, inflation in recent weeks is very fueled by high energy prices.
The forecast, however, is that “little by little the situation will normalize, but it will be more persistent than was initially discounted.”
In this episode, in addition to the urgent analysis on inflation, the attack on the 9,000 points of the IBEX 35 is analyzed; and BBVA, Banco Santander and IAG, in detail.
- Direction: Ismael García Villarejo
- Production: José Jiménez
- Realization: Covadonga Lacruz
- Recorded in Madrid on November 10, 2021