When we started our multi-part inflation series, kicking it off with the article «The force awakens» (only available in German), inflation rates in the US were below 2%. US inflation has been above the 2% target set by the Fed for 18 months now. Spain even has double-digit inflation and prices are also rising in Switzerland. Although we expressly warned of rising inflation rates in summer 2020 and positioned ourselves accordingly, we did not expect such high inflation rates.
The entire series of articles (only available in German) is listed below:
Inflation – The force awakens
Inflation (II) - Die Büchse der Pandora wird geöffnet
Inflation (III) - Realwerte als Inflationsgewinner
Inflation (IV) - Fear, protect and now unwind
Inflation (V) - Kein Grund für Panik