Tag: 1970s

(10 June 2021) As many countries inch closer to economic re-opening, financial markets are keeping a close eye on rising inflation.  This morning's May CPI data for the US rose 5% on an annual basis, the highest since 2008 just before the meltdown.  Core inflation also rose 3.8%, which as more than expected.   Of course, the question is whether this inflation will be "transitory", to use the Fed's term, or the start of a protracted period of rising prices perhaps along the lines of the dark days of...