Stunning! Central banks assets now exceed $22 trillion. This is the equivalent of the combined GDP of the U.S. and Japan.
And $22 trillion has had no inflationary response and no hike in U.S. Fed rates for the foreseeable future. This suggests the U.S. is now headed into a prolonged period of stagflation . . . extended period of low interest rates and very slow growth.
And stock market surge to record-highs . . . . One day, this will turn in a movie.
And $22 trillion has had no inflationary response and no hike in U.S. Fed rates for the foreseeable future. This suggests the U.S. is now headed into a prolonged period of stagflation . . . extended period of low interest rates and very slow growth.
And stock market surge to record-highs . . . . One day, this will turn in a movie.
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