An unprecedented amount of liquidity has been released into the US and global economies through central-bank stimulus programs.

This spring, we alerted you to the likelihood of rising US interest rates, the threat to bonds, and the potential for rising inflation. While the Federal Reserve may start to curtail its stimulus program this fall, we think such tapering will be too little, too late. The once-distant threat of rising inflation has become very real.

Surviving inflation. In fact, I now consider the prospect of rising inflation the biggest long-term threat to your financial health. I feel so strongly about the importance of protecting against inflation, that I have launched a new online publication—Inflation Survival Letter. To this new online advisory, I would like to extend to you a three-month trial subscription free of charge. I am certain you will find our advice pro-active, practical and profitable.

In the Inflation Survival Letter, analyst Richard Stavros and I will help you defend against what President Ronald Reagan called the “thief in the night.” We will alert you to the strategies and investments that many are already putting in place to thrive in the new economic paradigm. As we saw recently with interest rates, economic variables can change quickly and with a vengeance. We want you to be prepared.

Due to this new responsibility, I will no longer be able to produce Benjamin Shepherd’s Wall Street, so this will be the final issue of this newsletter. By no means take this as an indication that I think the stock market is on thin ice, or that you should take drastic actions with your investments. I simply think I can serve you better by advising you on the next big challenge likely to face the US markets and our economy.

Reliable income and capital gains. You will now start to receive our award-winning print newsletter, Utility Forecaster, each month for the duration of your Wall Street subscription.

For nearly 24 years, Utility Forecaster has helped investors capture rising income and sizeable capital gains from essential-service stocks. Since 2000, Utility Forecaster portfolios have averaged a 9.2 percent annual return. This is the highest risk-adjusted return among newsletter advisories during this time period, according to the Hulbert Financial Digest.

Utility Forecaster’s expertly selected portfolios have weathered many different market cycles, all the while achieving consistently high returns. Our seasoned team of analysts, including Ari Charney, David Dittman and Richard Stavros, will continue to burn the midnight oil to produce such exemplary results for you.

Thank you for your continued trust and loyalty.