ECB Has Never Been More Behind on Inflation: Saxo Bank

The video discusses the European Central Bank's (ECB) delayed response to rising inflation, particularly in Spain, where inflation has reached 9.8%. The ECB is criticized for being behind the curve, with the Producer Price Index (PPI) indicating broader inflation trends. The market's expectations are misaligned with the ECB's actions, leading to potential surprises. The speaker emphasizes the importance of asset allocation in industries like mining and logistics, which are correlated with inflation. Despite the crowded space of inflation discussions, many still view it as temporary. The central bank's historical lag in policy adjustments is highlighted, with a call for more proactive measures.

What industries does the speaker mention having exposure to in their asset allocation?

What does the speaker believe about the general perception of inflation among people they have talked to?