BoA warns hot inflation could run rampant for another 10 years

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

graphic representation of a bulletin board note reminder that the 1970s equal the 2020s“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).

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.