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World inflation scare nearing critical juncture
World inflation scare nearing critical juncture
Like the timing of most investment decisions, the moment to stop betting on higher world inflation may well be when everyone else starts worrying about it. For sure, mass expectations of higher inflation have proven to be a self-fulfilling prophecy in the past via aggressive wage bargaining and firms' greater confidence in their pricing power. But timely and pre-emptive interest rate rises by