While most people in Europe think of professional wrestling as something ridiculous which cannot be taken as a serious sport, it is widely popular in Japan and the United States.
that separation of funds in the financial markets and the real economy has been the missing link all along. It seems that the pandemic stimulus may have broken open that dam, holding the financial reserves back. I fear we will see more real economy spending, especially by governments, and therefore, more inflation in our future
Tempted to say todays job nos from US starting to indicate that real economy pull fwd. In fact onshoring, globalization dismantling, demography change will only accelerate further this trend. And CB's policies of inflation fight through demand destruction led by job mkt suppression could be seriously challenged going forward. On other side supply side support policies will be hindered by ill considered ESG framework at least in DM's.
that separation of funds in the financial markets and the real economy has been the missing link all along. It seems that the pandemic stimulus may have broken open that dam, holding the financial reserves back. I fear we will see more real economy spending, especially by governments, and therefore, more inflation in our future
Last para being nice example of market reflexivity thesis - let's see how it will play.
Tempted to say todays job nos from US starting to indicate that real economy pull fwd. In fact onshoring, globalization dismantling, demography change will only accelerate further this trend. And CB's policies of inflation fight through demand destruction led by job mkt suppression could be seriously challenged going forward. On other side supply side support policies will be hindered by ill considered ESG framework at least in DM's.