BoA warns hot inflation could run rampant for another 10 years
“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).