The hype from these investments is always high, as are the commissions and fees, but not the performance. Keynes famously remarked that "it is better for reputation to fail conventionally than to succeed unconventionally," and the forecasters of economic data exemplify this philosophy. The result is that the reaction to economic data releases can be erratic and, at times, appear perverse. Should people be worried about a wealth-destroying bout of price increases? For the temporary price acceleration to become persistent, three things must happen.

Source: The Herald June 10, 2021 13:30 UTC