When inflation comes back

Awakening from inflationary dreams indicates risk of explosion of speculative bubbles in the near future. Bubbles in the sphere real estates, finance and speculation in raw materials can burst when sufficient liquidity will run low. Approach of consequences of explosion of the bubbles fed with illusion of an infinite debt, it is possible to slow down, but not to eliminate. Possibility of such scenario conducting to recession, is real. And the first causing fears can already be observed signs, writes Dario Velo, ordinary professor Universities of Pavia...