However, over the last couple of months I have become more and more convinced that particularly elevated stock prices, property prices and commodity prices reflected sharply increased inflation pressures.
I have therefore, gradually changed my view on inflation and am now quite convinced that inflation will pick up very strongly in the US.
In fact, I now seriously fear that we are heading for double-digit inflation in the US before the end of this year.
No matter what this is likely to be THE main topic for global financial markets in 2021 and I have a hard time seeing this playing out without causing some volatility in global financial markets.
The Market Monetarist Lars Christensen