War, Peace, Inflation, and Software

By | 2017-07-17T12:21:17+00:00 June 8th, 2017|Global Market Update|

Is inflation dead? Source: Morguefile Growing up in the ‘70s, inflation was a fact of life. Sometimes we would see prices rise four or five percent in a single month. Persistent, high inflation was a problem, economically. The purchasing power of our savings was depleting at a rapid rate. Federal regulations kept interest rates low; banks couldn’t pay more than 4.25%, even while inflation was running at 10% per year. Gerald Ford declared a war on inflation. Annual change in CPI. Source: St. Louis [...]