In the past, deflationary forces stopped enormous inflation pressures from seizing our economy. However, this time, rising wages and soaring demand cannot be cured with rising prices. We could be headed for secular inflation. While it seems like the economy is doing well from aggregate data, consumers in the U.S. have lost confidence in the economy – they’re feeling worse about it now than in the worst moments of the pandemic. The equities rally isn’t over yet as a result of a soaring deficit and low rates. Vincent Deluard, Director of Strategy at INTL FCStone, joins Real Vision Live to discuss inflation, the incredibly unhappy wealth boom of 2021, and why long-term yields refuse to rise. Interviewed by Maggie Lake, who will be taking live questions from Real Vision Plus members.