, Columnist
Inflation Worriers Will Be Wrong for a Second Time
They warned of soaring prices after the financial crisis when deflation was the bigger risk. It probably is again.
Not going anywhere
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The contrarians tend to yell loudest when markets run into trouble. Sometimes they're right and they make fortunes, with reputations to match. Much of the time, however, that doesn't happen. Instead of riches, what's left is a track record of mediocrity or losses.
The market turmoil during the coronavirus pandemic is no different. This time it's the reappearance of those peddling dire predictions of raging inflation.