Steno's Signals: What to Make of the Real Estate Rebound
Real Vision: Finance & Investing
00:00
The Decline of Money in the Global Macro Landscape
Growth in money is now declining on a month on month basis. I think we should expect this to slowly but surely pass through this life cycle of inflation and ultimately reach consumer prices. If margins are kept on tack, that could lead to price declines in the consumer part of the equation - which would be deflationary at least on paper. But it just takes a while before it makes it through the sort of entire system. So we need to be patient, and that is also why central banks have lost patience. And they've been wrong on right about everything since 2020.
Play episode from 13:16
Transcript
