BoA warns hot inflation could run rampant for another 10 years

Yahoo!Finance/Jing Pan/1-12-2023

“Will inflation go back to normal anytime soon? Bank of America doesn’t believe so. ‘Historically, it takes an average of 10 years for a developed economy to return to 2% inflation [once] the 5% threshold is breached,’ the bank says in a recent note.”

USAGOLD note: Bank of America’s assessment is in keeping with the 1970s scenario……. The big investment bank is on a bearish roll (see below).