Economics
Missing for a Decade, Inflation Fears Infect World Stock Markets
- Stocks have tumbled on concern about central bank response
- Global demand, capacity strains point to squeeze on resources
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Investors have finally detected the whiff of inflation.
Whether it lingers is the debate now underway as stocks and bonds slide worldwide amid concern that prices are set to accelerate after their post-crisis lull. Though inflation still looks under control in most major economies, pressure is building and there are legitimate reasons to say its return is much nearer than for some time.