Deutsche Bank Warns of Global ‘Time Bomb’ Coming Due to Rising Inflation

• Deutsche Bank Warns of Global ‘Time Bomb’ Coming Due to Rising Inflation
  by Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM, https://www.cnbc.com/world/
  * In an out-of-consensus forecast, Deutsche Bank is warning of a potential crisis coming from inflation.
  * “The effects could be devastating, particularly for the most vulnerable in society,” the firm’s economists said.
  * Most on Wall Street and at the Fed see inflation is a temporary problem that will ebb as special factors fade away.
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  Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on stimulus while dismissing inflation fears will prove to be a mistake if not in the near term then in 2023 and beyond.
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  The analysis especially points the finger at the Federal Reserve and its new framework in which it will tolerate higher inflation for the sake of a full and inclusive recovery. The firm contends that the Fed’s intention not to tighten policy until inflation shows a sustained rise will have dire impacts.
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