MarketWatch/Vivien Lou Chen/6-4-2022
“History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation — running at 8.3% as of April, near a four-decade high — has stayed stubbornly persistent for a full year to the surprise of virtually everyone who tracks it. Now there’s a risk that price gains could take much longer than expected to fall back down, even when the Federal Reserve is aggressively hiking interest rates.”
USAGOLD note: More along the lines of Larry Fink’s warning posted below.
