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Who’s afraid of 2.1% inflation?

 Back in the old days — the ones younger readers may not even remember — interest rates were generally higher than inflation.

 For years now, asset markets have been all about working with falling inflation and interest rates with a vast side order of quantitative easing (QE). There is no bigger deal than that changing

Merryn Somerset Webb FT 18 June 2021


Real men are not afraid of a little inflation. But they are scared of stagflation


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