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2021-06-18

Who’s afraid of 2.1% inflation?

 Back in the old days — the ones younger readers may not even remember — interest rates were generally higher than inflation.

 For years now, asset markets have been all about working with falling inflation and interest rates with a vast side order of quantitative easing (QE). There is no bigger deal than that changing

Merryn Somerset Webb FT 18 June 2021

https://www.ft.com/content/1d3f83a8-4044-4c9d-a7b4-1aafbfbedf88


Real men are not afraid of a little inflation. But they are scared of stagflation

https://englundmacro.blogspot.com/2021/06/real-men-are-not-afraid-of-little.html


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