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Inflation Isn’t Going Anywhere. History Says It Could Take a Decade to Get Back to Normal.

How Long Could Inflation Last? History Says It Could Take a Decade to Recede. | Barron’s

Winning isn’t everything, it’s the only thing, according to the sports cliché. But now, just beating expectations seems to be enough to declare victory.

A company tops earnings estimates after management lowers its guidance; “Great quarter,” analysts cheer on the conference call. Your team is beaten by less than the point spread; you collect on your wager. Your political party loses fewer seats than predicted in congressional midterms, but likely surrenders control of at least one chamber; it’s a win, crow the party’s leaders.

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