The inflation risk from the current crisis is not imminent but a five-to-ten-year horizon problem—measured from when the crisis started (two years prior), not from the present—arising from carrying a higher debt level for a long time; an emerging market with a history of default would have a compressed horizon, but the U.S. has more time.
forecastpending
Speaker
Carmen ReinhartEvidence Quote
“the inflation question becomes more pressing in a five to ten year time horizon”
Created: 6/15/2026, 9:20:19 AM
My Notes
Loading notes...