The web site Zero Hedge has an excerpt from what it says is hedge fund manger Seth Klarman's latest client letter: "Even as reported inflation remains quite subdued, signs of incipient cost increases are increasingly evident. We are seeing them, for example, in apartment rents, construction costs, and salaries of newly minted engineering graduates and oilfield workers."
Seth Klarman on Inflation
https://www.futureofcapitalism.com/2014/09/seth-klarman-on-inflation
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