Banks and credit unions are on the verge of a period the likes of which almost nobody currently employed in those institutions has encountered in their working lives.
It’s the outlook for high inflation that has the potential to upend almost everything that today’s bank and credit union executives have come to regard as “normal.”
In the worst scenarios, the stage is being set for a period of high inflation that would be accompanied by much higher interest rates and potentially then by recession as governmental over-reaction slams the brakes on the economy. Experts indicate that this trend could be global, as the causes go far beyond U.S. borders.
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