The inflation genie

The Inflation genie is now well and truly out of the bottle, according to OPM's Tony Yousefian, and it may take a while to force it back in

From the good old late 1980s until now, the 'i' word was barely mentioned, although money supply was growing at rates never witnessed before. But no one cared as the inflation genie was courting both the housing and the stock market - and we were all getting richer. Life was good. But now the genie has decided to change partners to commodities, food and energy, we are all talking about him with outrage. In fact, the very reason that we are all talking about inflation is confirmation that he is well and truly out of the bottle, and getting him back in again may well prove very difficul...