Markets are underestimating the risks of accelerating inflation

London

RISKS of accelerating global inflation have been widely underestimated.

Yellow lights are flashing because of the Trump administration's promised economic policies, global reflationary policies, continued easy money and effective currency wars. Indeed, latest numbers show that deflation appears to have ended and annual inflation rates are well above their recent lows.

Take some examples: The deflation in the US, Germany, the UK, France, Japan a…