Inflation will rise this year, despite the claims of the government, Dr David Kuo of financial advice website the Motley Fool said on this month’s Property Week podcast.
Kuo said that despite government claims that inflation would fall this year, “they are wrong”. He said that the trillions being pumped into Western economies meant inflation had to rise.
He pointed the finger of blame at the European Central Bank in particular as a country whihc is pumping trillions into European banks – something he likened to “one huge Ponzi scheme”.
Kuo also discussed the state of the European economies, pension funds and what shares you should invest in.
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