Premium: After four decades of dormancy, inflation is returning – and Bitcoin is soaring

Inflation in the US is back at levels last seen in the early 1980s. Where America goes, the world follows. Looking back, it's predictable.
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An unfortunate aspect of the human condition is our ability to be surprised by events that, with hindsight, were obvious. Latest being the resurgence of inflation after four decades of dormancy.

The graph above from Stanlib chief economist Kevin Lings illustrates the point better than those proverbial thousand words. An article in the Wall Street Journal this morning supports this "inflation surging" thesis. Inflation in the US is back at levels last seen in the early 1980s. Where America goes, the world follows.

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