Getty Images/iStockphotoA brutal third quarter in financial markets came to a close on Friday and one thing is overwhelmingly clear: Inflation is the single most important factor driving asset valuations right now and yet few, if any, people are able to accurately predict where it’s likely to go.The reason? Professional forecasters, policy makers and traders all keep dismissing the way inflation behaved in the 1970s, according to BofA Securities global economist Ethan Harris. That’s when...
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