Popping Prices
07/08/2014 |
With bank lending very weak outside of commercial and industrial loans, global growth lackluster, Europe on the verge of deflation, a slightly appreciating US dollar and the number of unemployed workers still elevated, conditions don’t suggest a rapid rise in inflation. That said, the most likely place for systematic inflation to appear would be healthcare, housing and wages. Follow them closely but expect no major near-term rise.