Runaway inflation is the theme du jour. “Protect your portfolio from hyperinflation” scream headlines from investment newsletters. I have an alternative scenario for you. Current inflation is supply-chain based, temporary, and the recent price signals might actually create the opposite effect.  It is a detailed argument. So, I’m going to present the alternative scenario in … Continue reading Beware the inflation snap-back: today’s inflation isn’t 1970s (part 1 of 4)