US inflation is at a near-40-year high. So why are markets so calm?

MoneyWeek/John Stepek/12-13-2021

“To an extent, you’d be right. Lots of global central banks actually have stopped printing money and have started raising rates – just not the important ones.”

USAGOLD note: Stepek says the markets are underestimating “the odds of a much more inflationary income here.” He ends by advising to buy cheap stuff, hold gold, make sure there’s cash on hand for capitalizing on opportunities.