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Don’t rely on markets to see inflation threat, says Summers


Reuters/Gavin Jones

Repost from 7-12-2021

chalboard showing inflation pattern as chart with symbols for various currencies

“At times when inflation has significantly accelerated in the past, such as in the 1960s, markets have lagged rather than anticipated developments.” – Lawrence Summers, former Treasury Secretary

USAGOLD note: In short, don’t look to the markets for a clue as to where we are headed next. At the moment, investors have bought into the transitory theme, but that can change, as well know, in a heartbeat.

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