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Economy discussion: We do not recommend complacency

We think our forecast scenario is reasonable, especially for the next few quarters. At the same time we have a gut feeling that it is optimistic. As we have been saying for more than a year, we are in an unprecedented situation with many uncertainties. These involve different time frames and cut in different directions. Some could offset; some could be synergistic. Probabilities are impossible to calculate.

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Ake's Take: Are the Fears Inflated?

You’ve probably seen the headlines about some economists becoming increasingly concerned about inflation. So, should we be concerned?  (Note: please keep reading. This is not one of those in-depth analysis involving T-bills and yield-curves, but more of a big picture, horse-sense type of view.)

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