“Either the Fed will blink and give up on rate hikes or it will forge ahead until something breaks, meaning a stock market crash, or a recession, or both,”
The last round of QE in Britain was simply stupid,” said Professor Tim Congdon from the Institute of International Monetary Research. https://mv-pt.org/
The authors of this week’s 24th Geneva Report - Debt: The Eye of the Storm - argue nothing has really changed. The illustrious OECD-led group says the disinflationary glut of excess global savings is not going away and the same structural forces will reassert themselves once the pandemic is over.
https://voxeu.org/article/debt-eye-storm
Ambrose Evans-Pritchard Telegraph 18 February 2022
MV=PT is true, but how to use it?
https://www.ft.com/content/fc1fcb3a-090e-11de-b8b0-0000779fd2ac
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