Inflation

"Inflation...... Hang on.... Which one ?"

Keeping inflation expectations in check is the primary mandate of any Central Bank.

Inflation was tamed for decades thanks to the deflationary benefits of globalization and I.T. automation, and despite the massive monetary stimulus deployed since the GFC. In the meantime asset prices rose continually since the GFC contributing to wealth inequality thanks to the loose monetary policies in place: Low CPI and High asset price inflation.

The post-Covid supply chain shock became the trigger for what could be the exact opposite: High CPI and Asset Price Deflation.

In this section we debunk the subject and anticipate the future evolution of inflation in the context of a multipolar geopolitical world.

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