Since the onset of the financial crisis of 2008, central banks around the world have battled deleveraging with monetary policy. Do you feel that this new money will manifest itself in significant inflation? If so, when?
Yes, I see significant inflation arising within the next three years
Yes, inflation is already here; it is just not captured well by conventional measures
Yes, but it will take longer than three years to reveal any significant changes
There is no risk of significant inflation at this time
Yes, I see significant inflation arising within the next 12 months