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Central Bankers vs. The Bond Market | Roger Hirst
Forward Guidance
Are We Going to Have a Severe Recession?
I think it's a fair view which is that there will be financial repression we need to inflate things away but then does that mean real wages are negative because you have a higher level of inflation? I don't think there is a simple solution. We were slowing down before COVID the global economy was slowing down into what was probably going to be a common or garden recession than it was supercharged by this exogenous shock. Those sort of 10, 12 year gentle lovely happy day expansions which created an inequality increase are now probably a thing of the past.
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