Some of the terms experts in finance and economics used this morning regarding the 9.1% headline inflation number: hotter-than-expected, fiery, eye-popping. And for any who remember the 1970s and 1980s, perhaps the scariest: another record.
Inflation has been higher at times in the past, but the pain is ratcheting up at an historical pace, repeatedly raising the question of what to do. Forget "Keep calm and carry on." At times like these, it's better to remember another source of British philosophy—the late Douglas Adams and a repeating theme of The Hitchhiker's Guide to the Galaxy: Don't Panic.
It's still time to not panic because that only does more harm than good. Instead, look at the details of what is going on and remember, when it comes to inflation, the U.S. has gotten through worse times.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
