Markets are waking up to the notion that inflation hasn’t peaked

MarketWatch/Joseph Adinolfi/9-14-2022

illustration of the inflation iceberg“As Nomura’s Charlie McElligott pointed out in a note published Wednesday morning, markets are now bracing for the possibility of a ‘hard landing’ for the U.S. economy, as investors wake up to the reality that inflation will be much more stubborn than they had expected.”

USAGOLD note: We’ve gone from Inflation not being a problem to being manageable, from manageable to transitory, from transitory to persistent, from persistent to a major problem – all in the space of less than a year. And now some, as MarketWatch reports, believe the Fed may become more zealous than it needs to be thereby inflicting more damage than is necessary.

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