Evolving Inflation Story and Why It Matters to the Global Economy

“Inflation is taxation without legislation”

– Milton Friedman

You know when your friends start to ask you about inflation that is has gone mainstream.

One only needs look at the chart of news stories featuring the word “inflation” to get a clear picture (see below – Source Bloomberg).

In this week’s note, we wanted to share with you our current take on the current situation and how it impacts the global economy.