Biden's social spending spree may unleash bigger inflation wave: JEC Republicanst.co/xiSC9lCfDt
— FOX Business (@FoxBusiness) October 6, 2021
— Paul Greaney (@PaulGreaney_NTD) October 6, 2021
Central banks need to prepare because global stock markets and real estate are overvalued, while leverage is near record levels for households, corporations, banks and governments.
Imagine you are on a cruise ship and you secured your valuables with the ship’s purser. And later you see the purser hurriedly getting on a lifeboat with canvas bags used for holding valuables. What kind of a signal would that send to you? It would appear to me the ship is about to sink and the purser is trying to take everybody’s money with him as he rescues…