The inflation jitters are upon us. After a disturbingly large hop in the Consumer Price Index (CPI) (up 5.4% for the past 12 months through July), a lot of people are worrying about a return to double-digit inflation, which was vanquished four decades ago.
Chief Investment Officer
Not to worry, argues David Waddell, CEO and chief investment strategist at Waddell & Associates. The vast increase in dollars, known as the money supply, or M2, won’t translate to nasty round-robin price escalations. And, in fact, Waddell adds, it will help fuel further economic growth.
- • David S. Waddell
The Inflation Threat Is Hooey, Even as Money Supply Climbs, Says Savant
The Inflation Threat Is Hooey, Even as Money Supply Climbs, Says Savant
