The Handbook for Debt-Soaked Nations: Lie, Print, Inflate & Finger-Point
by Egon Von Greyerz, Gold Switzerland: Below we consider the classic (and oh-so predictable) tactics of debt-soaked nations facing a showdown (corner) between tanking markets and ripping inflation. Ultimately, I see a stagflationary end-game in which both occur, but for the near-term, prepare for more inflation, as it’s the option all debt-soaked sovereigns are eternally forced to […]