MacroVoices #379 Bill Blain: Inflation, Central Banks, BRICS, Geopolitics, Alternative Assets & more
Macro Voices
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Geopolitics and Trade: What's Different?
The world likes to scare itself about geopolitics. We've convinced ourselves after the shock, horror and surprise of the Ukraine invasion over a year ago that that kind of thing is normal. What we actually had was massive, sore away, hidden financial asset inflation. Bond prices all went shooting up because interest rates were so low. And that caused people to go and what we call yield tourism going into equities.
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