
MacroVoices #307 Viktor Shvets: Inflation is still a pendulum but will eventually yield to disinflation
Macro Voices
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The Price of Gold Hasn't Doubled, Victor?
A lot of people forecast that, in an environment of extremely low nominal interest rates, will eventually have a return to inflation. And the sure certain absolute outcome from that is the price of gold has to double. Well, they got the prediction right about what was going to happen with interest rates, but gold hasn't gone anywhere. I don't see the evidence that crupters are used primarily, or even necessarily, oas inflationr edge. The amacron variant is going to be the thing that essentially moves this crisis from its pan mic to its endemic stage. And i think the economy is going back to normal in the next six to 12 months. But hang on government stimulus and
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