WILL DEFLATIONISTS GET THIS ONE RIGHT?

If you are taking off the reflation trade, do it for the right reason

With the recent front-page hysteria about inflation, there have been some readers asking if maybe this has run too far, too fast. They’ve listened to arguments from sober-minded deflationists who are making an increasingly convincing case that the inflation scare is simply the intersection of a supply bottleneck along with a demand surge. They reckon …