Credit Suisse expects the end of the era of low inflation and the beginning of the “Great reflation”

The period of low inflation in the world may be finally over, according to a report by the investment strategy department of Credit Suisse, which Vedomosti has read. According to analysts, this could lead to a split in China’s alliances with America (Chimerica, “Chimeriki”) and Europe with Russia (Eurussia, “Evrossia”).

There were three pillars in a world with low inflation: cheap immigrant labor kept nominal wages flat in the US, cheap Chinese goods boosted real wages amid stagnant nominal wages, and cheap Russian natural gas fueled German industry and Europe as a whole. Credit Suisse experts.