CHASING AWAY THE GHOST OF INFLATION - What the figures are really telling us
In May 2022, prices in the Eurozone increased at a rate of 8.1%, compared to 7.4% in April. Arguments that this is a temporary phenomenon seem less persuasive the longer the period of rising prices lasts and the higher they rise. Worse still, people start questioning central banks’ ability to get a grip on the situation. In this apparently febrile atmosphere, “Keeping cool,” as Spectrum Markets’ Christian-Hendrik Knappe, German Sales Director advises, sounds downright provocative. We asked him to explain the development and how retail investors may position in the current market environment.