Inflation is always bad news for a democratic government. They don’t necessarily understand the process, but voters feel ripped off…and they don’t like it. Typically, they show their displeasure at the ballot box.
After the air went out of the Private Sector debt bubble, concerns over inflation turned to worries about deflation.
The market is now addicted to the free money parade. This experiment is not over yet. We just need to be prepared for its next version. Enter Operation Pivot.
‘Private equity giant Blackstone is backing a further shift online — with Christmas just the start — after investing $2.1bn in a Dexus logistics property trust.
Not to be deterred, ECB President Christine Lagarde is now calling it a ‘hump’ — whatever that means.
Well, it turns out that financial markets are now pricing in the former. At least, an obscure part of financial markets is…
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