“Flattery is a false coin that is only
current thanks to our vanity” said the 17th Century French writer, Fran#231;ois
de La Rochefoucauld. 2006 saw markets in the US hit
all time highs, while hopes that inflation is back under control have led to
renewed optimism, both in the US and across the pond.
But, is inflation really dead, or have we been living off a false currency,
and spending coins that are not real?
Here are two articles that look at the conflict between markets and inflation, and we ask, are the paramters that
have given the UK the golden era of low unemployment and low inflation
changing? But in the long run is this inevitable, because we
have been living off a false hope and that actually the change is essential,
and to our ultimate benefit?
© Investment & Business News 2013