Not going back to platform days

December 3, 2008

Deflation seems to have replaced inflation as the public enemy No.1 these days.

This might give relief to quite a number of people, including those who thought the resurgence of inflation could take us back to the 1970s.


“We thought we would be wearing platform shoes again, like in the 1970s,” says Philip Saunders, head of investment strategy at Investec Asset Management.

“A potential return of inflation is not something people are worried about but maybe that’s what people should be worried about,” he told participants at an investment outlook briefing in London.

Perhaps we should go and buy a pair of platform shoes as well?

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/