Kofi Bofah

Don't Be Fooled - Inflation is Coming

Wages are the primary force behind inflation. Labor market is weak. Intuitively, inflation is a nonissue.

Has there been a time in history where rampant inflation has entered the equation with a weak labor market?

The 1970's. The rampant inflation came courtesy of an oil embargo, causing energy prices to spike.

The commodities boom is dead, and prices are on the downdraft. Unless Iran shuts down the Straights of Hormuz, I am doubtful that higher rates of inflation will materialize.