“Veteran trader Art Cashin has been more concerned about the threat of inflation in the U.S. than most.
In a recent interview with Eric King of King World News, he notes that the once dormant threat of inflation could be waking up.
From King World News:
…That having been said, the Federal Reserve Bank of St. Louis puts out what is called the ‘Monetary Stock.’ It is the ‘raw material’ of the money supply, and it has been dormant throughout the year.
The report for the first part of this year suddenly spiked higher, and it’s something that I’m going to keep a very close look at. It may be, and there is some seasonality, but I think people need to begin watching the money supply, particularly the M2, and see if that starts to accelerate…”
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