'..this [inflation] regime shift for financial markets and monetary authorities are yet to be fully understood .. the recent loss of central bank credibility is likely to raise the cost of restoring price stability.
If we do end up in a prolonged period of above-target inflation, the four-decade long bull market in bonds will finally be over .. we shouldn’t underestimate the probability that we are in the midst of a consequential inflation regime change.'
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New era of inflation will bedevil central banks and bond markets, July 1, 2022
'..Another critical characteristic of the earlier inflation era was frequent temporary reversals in inflation, only to be followed by new peaks..'
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(Global Stagflation)(Inflation out of control) - Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.Context(Global Stagflation)(Inflation out of control) - Netherlands inflation rising again; 11.6 percent in July(Banking Reform) - 'Disaster is a strong but appropriate word that applies perfectly to the state of U.S. monetary policy..' - Dr. Hunt