the debasement trade is on... inflation seems almost guarunteed
235 779 sat
the debasement trade is on... inflation seems almost guarunteed
In my opinion this is a pavlovian response. Inflation kills the ability to lower rates. One of Bessent's stated goals is to grow the economy. Any FED or Treasury intervention would have to find its way to inflating assets instead of finding its way to the real economy. The shift in global order we are seeing now cost money. I just find this inflation outcome as low probability.
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