Surveillance: Megathreats with Roubini
Bloomberg Surveillance
00:00
Is That Your Base Case?
Central banks are playing tough and talking tough, acting hawkish because they have a problem of credibility. One problem is that if they try to get to 2% inflation, the cost of recession will be too high. We're not only in fiscal dominance in this game of chicken between treasure and central bank,. There is so much private and public debt that if central banks try to fight inflation, they cause a crash of financial markets.
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