Inflation: Gen Y has no idea what’s coming

A woman uses a mobile phone in front of a shop window with a sign advertising a sale in Tokyo June 27, 2013. Japan's consumer prices …

As if crushing debt and limited job prospects weren’t enough, generation Y has something else to worry about - inflation.

A renowned economist who called the U.S. housing crisis and global financial meltdown months before they began says inflation is on the way, and a whole generation is ill prepared. “Today, we have a group of twenty, thirty and even forty-somethings who know little about bond selloffs, inflation or even what a normal Fed tightening cycle looks like” says Gluskin Sheff chief economist David Rosenberg in a note to clients.  Continue Reading.....