2min chapter

GoodFellows: Conversations from the Hoover Institution cover image

The Roaring 2021 – And That’s It

GoodFellows: Conversations from the Hoover Institution

CHAPTER

Is There a Risk of an Avalanche Next Year?

If you want to catch up with six % inflation, ah, you need a heckof interest rate going up. At that point, a bond markets finally wake up to what's going on and and tank interest rate. That's the moment the stock market tanks as well. The e c b is an even tighter problem, because, of course, if they raise interest they've bot all those italian bonds. Even that's true in europe as well. So there's danger of an avalanche next year?

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