Beware the inflation snap-back: today’s inflation isn’t 1970s (part 1 of 4) – MacroBusiness

Runaway inflation is the theme du jour. Protect your portfolio from hyperinflation scream headlines from investment newsletters. I have an alternative scenario for you. Current inflation is supply-chain and commodity bubble-based, temporary, and the recent price signals will actually create the opposite effect. 
It is a detailed argument. So, Im going to present the alternative scenario in four parts over the next week:

• Part one: inflation today is not the same as inflation in the 1970s.
• Part two:…

Click here to view the original article.