Krugman Says Gold's Rise Has Nothing To Do With Investors Expecting Soaring Inflation
They are not looking at CPI, they are looking at how well Trump or Biden understand the devaluation process. The investors want to avoid the denial until the night before, hedge the moment. The problem is entirely due to foul central bank theory and the 'This time is different' syndrome. The bet, essentially, is that central bank Nixon Shock hysteria will give way soon.
No comments:
Post a Comment