I recently had the pleasure of talking to someone who admitted he wasn't a financial expert but he had maintained an active interest in the financial field for decades. Particularly in regards to mortgage payments, house prices, interest rates and inflation. Well, these were the things we discussed.
I learnt a great many things, most of which reinforced my view. I was also lucky enough to discuss a few things where I was plain wrong.
However, one thing really disturbed me. He expected interest rates to slowly normalize and inflation to increase. His interest rate opinion is as valid as anyone's. His inflation expectations simply shocked me.
This morning, I spent ten minutes with Google and found the following paragraph.