GEAB 154
Prices: Inflation, inflation, inflation //
Equity markets: Reversal for sure //
Taxes: What else? //
Bitcoin-gold: Decoupling //
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Prices: Inflation, inflation, inflation //
Whichever direction you look, inflation is showing its face. It is everywhere: in economic stimulus packages, in bond yield increases, in the reversal of monetary policies, in energy transition programmes, in the reorganisation of the Chinese production machine, in currency devaluations, in risks of war… The only place where it is missing is in the official figures, which fail to reflect reality. Among the reasons for this is the fact that wages, a classic indicator of inflation, are not rising (normal since labour is now only a marginal part of the value chain) … But this reality is of course the worst news one can imagine in terms of how people will resent inflation…
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