Deutsche Bank Issues Stark US Inflation Warning, Seeing Economic Parallels to 19

[Tanimariya]

Inflation could send the global economy into recession as central banks lose control, according to Deutsche Bank. Deutsche Bank, Germany’s largest lender, says the U.S. might be headed for one of its worst inflationary periods in history, arguing that elevated government spending and loose monetary policy could combine to create conditions similar to prior episodes in the 1940s and 1970s.

Adding to the pressures are some $2 trillion of “excess savings” that consumers have amassed over the past year, when many businesses were closed and travel mostly shut down, according to the report published Monday. Source Link