Why today's Wall Street buyers are on the money: US inflation had peaked, will fall to just 2% next year - Kevin Lings

Stanlib chief economist Kevin Lings delivers a masterclass on why interest rates have been rising - and explains why inflation globally will soon start to fall. His thesis: US inflation peaked at June's 9.1% and within a year will drop sharply to a fraction of that level. If he's right, seemingly brave souls now rushing back into Wall Street may be well rewarded for their prescience by entering a market that is down sharply (S&P -17%; Nasdaq -24% in 2022). Lings is one of South Africa's leading economists and possesses a rare gift of being able to explain the dismal science in language that we can all understand. He visited the BizNews studio in Bryanston for this interview with Alec Hogg. Learn more about your ad choices. Visit megaphone.fm/adchoices