Several indicators point to a huge wave of inflation in coming months, according to a series of charts published by Morgan Stanley and obtained by Business Insider.
The charts show:
• Inflation has surged in emerging markets during the past year – to about 5 percent from about 3 percent. The real problem isn’t China, but India, where inflation has almost reached double digits.
• Inflation also is on the rise in developed western nations, surpassing 3 percent in the United Kingdom, for example.
• The yield curve in the United States has steepened to record levels, with the 10-year Treasury yielding 233 more basis point than two-year Treasurys.
• Consumer expectations of inflation in the U.S. have risen to 3 percent from 2.2 percent in the last two months. (more)
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