The Boy who Cried Deflation!

Understanding the monetary system and why we shouldn't fear the 'printing press'

I've covered this topic before in recent weeks but the inflation story has since gained more momentum. As the end of Covid-19 draws closer the markets are beginning a process of repricing. 

​The sell-offs in government bonds in February and March has been fascinating to watch. It's classic game theory between the Fed (US central Bank) and the bond market. The concern among bond investors is that as economies re-open, consumer spending, in addition to continued government stimulus, will ignite inflation and erode future returns.

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