It's interesting that the UK just released a 3% producer price increase number and the US recently had its highest reading on the same at 2.8%. Even deflationary Japan had a +2.1% reading. Is inflation rising worldwide as a result of every economy being on low-interest rate life support?

It's interesting that Grant's Interest Rate Observer is predicting that the Fed Funds rate will lower again, but the wisdom of that I cannot understand since it would only create more inflation.

The current market has a large over-valuation predicated on very low interest rates. If inflation pushes up rates, you would expect a 30% to 40% correction in stock market valuations, quickly. This is a very tricky landscape to navigate.

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