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Milton Friedman was a monetarist. The economist proposed solving inflation problems by limiting growth of the money supply to a constant, moderate rate.

Since late last year, we have been seeing signs of a change to the dynamics of global prices. For the time being, these signs relate more to the volatile aspect of the consumer basket and less to a change in long-term inflation expectations.

"Broad diversification is only necessary when investors do not understand what they are doing." The Oracle of Omaha, Warren Buffett, said that.

Evergrande is a Chinese group focused on real estate and construction, though it has a wide variety of other lines of business. With nearly four and a half million workers (both direct and subcontractors), it is one of the largest companies in China and in the world in that sector.

The Evergrande crisis and its possible impact on the markets has become the main focus of investors' attention. At the moment, there is a tense calm because it looks like the company will be able to meet its forthcoming debt payments.

Investors’ eyes are fixed on China and, in particular, on the real estate giant Evergrande. It is being called the new Lehman because of the effects that this company, which is on the verge of collapse, could have on the system.

Inflation has become a source of debate in any conversation about the economy. It is also an increasingly important issue at the meetings of central banks.

The ghosts of inflation have returned, and the gradual removal of stimulus by central banks is coming closer with the skyrocketing public debt.