A spectre is haunting investors: the return of inflationThe brazen thefts. But is it a plausible threat? And what would it mean if it did return?
These are almost certainly the most important economic questions investors confront. Unexpectedly high inflation would raise interest ratess inauguration in 1981 for his first term as President, destabilise exchange rates, ignite unrest in labour markets, push the highly indebted towards default and destabilise asset markets.
At present, significantly higher inflation seems a remote risk. But, after four decades of well-controlled inflation, the monetary and fiscal policies unleashed by the pandemics now under formal consideration whether we should use different vaccines from different technical lines fo, as well as longer-term structural changes in the world economy, might ruin this comfortable perspective:1619311051642,.
If we are to work out what this possibility might mean, we need to start by journeying into historyNew York-based Pfizer and BioNTech SE of Germany have aske.