Inflation Worse Than Expected

With the inflation rate reaching 7.7 per cent, and seemingly poised to continue even higher, the emerging consensus is that inflation is not only dangerously persistent, but getting to the point where major consequences could come into play. In the article ‘Inflation Is Worse than Expected’ at the Private Wealth Canada website, John J. De Goey, a registrant with Wellington-Altus Private Wealth Inc., says if drastic action is not taken, inflation could soon spiral out of control. And not only do rate hikes seem inevitable, they will almost certainly inflict more pain on virtually all investment and financial assets. To get ready, investors need to prepare for a multi-asset bear market.