History says inflation could persist for a decade

MarketWatch/Brett Arends/11-19-2022

graphic showing exit for THERE being a great distance down road through desert“The likelier scenario is that even if it starts to come back down, inflation may persist higher for longer than the markets, money managers, or the Federal Reserve thinks. That’s because, in effect, inflation has reached the kind of critical mass or momentum this year that makes it much harder to control.”

USAGOLD note: Based on the analysis of “legendary financial guru,” Rob Arnott, Arends warns the right approach to inflation might be to buckle our seat belts for a long, rough ride ……

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