BofA Crashes The “Transitory” Party: Sees Up To 4 Years Of “Hyperinflation”

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Zero Hedge: At the start of May, when observing the avalanche of “higher inflation” mentions on Q1 earnings calls, which had quadrupled YoY; and jumped by a record 800% YoY…

… BofA chief equity strategist Savita Subramanian summarized the current state of affairs as follows: “On an absolute basis, [inflation] mentions skyrocketed to near record highs from 2011, pointing to at the very least, “transitory” hyper-inflation ahead.

“And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a [c]denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” Rev. 6:6

Needless to say, a “serious” bank warning of hyperinflation – transitory or otherwise – was enough to spark very serious concerns that the Fed was losing control of prices. Read More