IL18: We Need to Talk About Inflation ft. Stephen King

<p>HSBC Senior Economic Adviser Stephen King joins the show to discuss the most important long-term issue facing western economies: inflation. Stephen’s new book -&nbsp;<em>We Need To Talk About Inflation</em>&nbsp;- is an FT “book to read in 2023” for good reasons. He explains why inflation is not just about money creation, it also depends on public perceptions and the fatal temptation of governments to usurp central bank independence (what he calls the Richard Burton - Elizabeth Taylor rule). Stephen explains how to evaluate future inflation risks through his “4 Inflationary Tests” and we talk through how the US and Europe currently measure up.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p>-----</p><p><br /></p><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Kevin on <a href="https://kevincoldiron.substack.com/" rel="noopener noreferrer" target="_blank"><strong>SubStack</strong></a> &amp; read his <a href="https://riseofcarry.com/" rel="noopener noreferrer" target="_blank"><strong>Book</strong></a>.</p><p>Follow Stephen on <a href="https://twitter.com/kingeconomist?lang=en" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a> &amp; Read his<strong> </strong><a href="https://www.amazon.com/We-Need-Talk-About-Inflation/dp/030027047X" rel="noopener noreferrer" target="_blank"><strong>Book</strong></a><strong>.</strong></p><p><strong>Episode TimeStamps: </strong></p><p><strong>02:05 - </strong>Introduction to Stephen King and his book</p><p><strong>09:00 - </strong>The relationship between public behaviour and the supply of money</p><p><strong>13:21 - </strong>Can it be deflationary?</p><p><strong>17:12 - </strong>The Taylor Burton effect</p><p><strong>30:29 - </strong>The unfairness of inflation</p><p><strong>37:46 - </strong>Has the impact of inflation become worse over time?</p><p><strong>46:26 - </strong>Institutional changes and inflation bias</p><p><strong>51:04 - </strong>Is the radar still switched off?</p><p><strong>52:49 - </strong>A collapse in money supply?</p><p><strong>55:50 - </strong>Are central banks acting too slow?</p><p><strong>58:31 - </strong>The current state of supply conditions</p><p><strong>01:02:26 - </strong>The relationsship between demographics and inflation</p><p><strong>01:05:57 - </strong>Building the ideal Fed</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. 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