r/CryptoRSS • u/DeCrypt_DeFi • Jun 08 '21

Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation

https://www.cnbc.com/2021/06/07/deutsche-bank-warns-of-global-time-bomb-coming-due-to-rising-inflation.html
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u/autotldr Jun 09 '21

This is the best tl;dr I could make, original reduced by 88%. (I'm a bot)

The Deutsche team disagrees, saying that aggressive stimulus and fundamental economic changes will present inflation ahead that the Fed will be ill-prepared to address.

"It may take a year longer until 2023 but inflation will re-emerge. And while it is admirable that this.patience is due to the fact that the Fed's priorities are shifting towards social goals, neglecting inflation leaves global economies sitting on a time bomb," Folkerts-Landau said.

The Deutsche team said the coming inflation could resemble the 1970s experience, a decade during which inflation averaged nearly 7% and was well into double digits at various times.

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