I won’t insult you by reminding your memory of what Christine Lagarde was saying less than a year ago about the fact that inflation would be weak and above all transitory, therefore temporary, therefore that we should not to worry. She now says the opposite. So I tell you and say it again, but more importantly I prove it to you by putting Lagarde’s words in parallel, what I said a year ago, what we could already see, and the fact that the objective is not to inform you but to ensure social stability.
Era of ultra-low inflation unlikely to return, says Lagarde
“The period of very low inflation that preceded the COVID-19 pandemic is unlikely to return and central banks must adjust to higher inflation expectations,” Christine Lagarde, the Bank’s president, said on Wednesday. Central European (ECB).
According to economists, the inflation rate in the euro zone, which reached an all-time high at 8.1% in May, should continue to climb until the beginning of the autumn, before a slow slowdown which would see it remain at above the ECB’s 2% target until 2024″. (Source Boursorama.com here)
On Ecorama or how to pass for an unserious economist when you are right!
Take the time to listen to this video again and put it into perspective with the events we have experienced throughout this year, which is still over.
And now you will listen to the words of the mamamouchis with a lot of perspective and distance.
And this decline must be the norm for all subjects.
Charles SANNAT.
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