Inflation has been on the rise again By David Clark I READ the other day that around one third of financial analysts and money managers have no first-hand experience of the financial crisis in 2007/8. The same article depressingly informed me that the majority of the US population has no memory of the 1987 stock market crash. By the same token many market commentators and participants have never experienced an inflationary environment. Some of the clever people I work with have been making very seductive arguments for some time that the return of inflation is inevitable and would come as a shock to markets and consumers alike.