Will Deflation follow Inflation?

If history is any guide, no

“Economics is an inexact science at best, so clearly economic forecasts not based on data are worthless …”

It is well documented The US and many other nations are experiencing an inflationary spike the likes of which hasn’t been seen in decades. This has lead to all sorts of speculation that after inflation has peaked we will next see a wave of deflation. It seems most of these forecasts are made by those without relevant education, often posting on Social Media. However I have seen some professional portfolio managers…