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Financial Times/Gillian Tett
“However, the second piece of good news is not so self-evident, and many policymakers would not label it that way at all: there is rising market chatter about the idea that long-dormant inflation risks could return.”
USAGOLD note: Gillian Tett resurrects an old maxim: Inflation tends to rise following recessions simply because of government overshoot on reflation measures. And that overshoot is very much still in progress, as reflected in the chart on MZM immediately below. Gold has been known to prosper under such circumstances in the past.
Source: St. Louis Federal Reserve [FRED] • • • Click to enlarge
Repost from 11-12-2020
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