We're getting signs of inflation that harkens one back to the 70's. With a 5.4% annual rate recently released, savers and investors need to buckle up for what could be a disruptive ride as the Federal Reserve has to rethink it's posture. Fed Chairman Powell has been sticking to his "transitory" theme as evidence mounts to the contrary.
When was inflation this high most recently you might ask? Try the third quarter of 2008 and you remember how well that went!