History repeating itself

Category: Asia, Global

Inflation is back, it seems – and with it, inflation-hedged bonds. Of course, the just over 2% inflation range that the US seems on course for is nothing like the Great Inflation of the 1970s, with its peak US inflation rate of around 14%, and seems in no danger of heralding a round of stagflation, with the American economy apparently reflating nicely. But nonetheless it is real, and investors have to adjust allocations accordingly

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