Believe it or not, inflation is the most important factor driving the financial markets right now, and yet there are vastly different views on what we can expect. While some investors believe that inflationary pressure will prove transient, others believe we are on the verge of a structural shift in the financial markets. I belong to the second camp. Here’s why… For people like us who live in the developed world, inflation is not a matter of rising food prices or unaffordable basic living expenses. Rather, for us, inflation will cause a structural impact on our investment portfolio due to the shift of monetary and fiscal policies. In my earlier article, I explained that inflation is man-made and most governments prefer moderate inflation. But sometimes, the speed of inflation can get out of control due to black swan events such as a pandemic (which we are currently going...