Are Rising Prices “Transitory” As the Fed Insists?
The inflation debate continues. Of course, no one knows what the future holds. If they did they could quickly accumulate all the wealth in the world. While many people have an opinion about what is to come, it is just that, an opinion. The great frustration is that very cogent arguments can be made for both temporary and long-term higher prices. John Mauldin recently concluded his annual Strategic Investment Conference. He presented many heavy-hitters in the world of economics, finance and investment. Most of them addressed the inflation debate.