Surveillance: Rising Prices with Weinberg
Bloomberg Surveillance
00:00
Is There a Quantitative Tightening in Europe?
I view this as a price adjustment that will run its course when real money supply is deflated back to where it should be. I don't think interest rates matter nearly as much to the ECB and to the course of inflation in Europe as quantitative tightening does. We still have more price increases to go, but there is an end in sight to this process. This is not the spiraling inflation that we saw in the 70s.
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