We’re on the precipice of a major turning point... the bears will soon go into hiding and the bulls will return to resume the uptrend they left behind not so long ago. Allow me to explain…Thanks for reading Short Excerpts from Global Macro Investor! Subscribe for free to receive new posts and support my work.
Raoul, this is great, thanks. Re govt debt coming down like in the '45 to '65 period ... given how much bigger (quantum) both govt and its debt is now do you still believe it comes down as quickly? If yes, is this because GDP itself is also bigger by a similar quantum?
RRP? Might need a glossary for this piece!
Still gold, though, as ever.
And if inflation becomes sticky, the boom may be more shortlived.
Jim Puplava reckons inflation takes 10 years to disperse.
RRP = Reverse repo. Instead of giving treasuries and getting cash, you give cash and get treasuries
Raoul, this is great, thanks. Re govt debt coming down like in the '45 to '65 period ... given how much bigger (quantum) both govt and its debt is now do you still believe it comes down as quickly? If yes, is this because GDP itself is also bigger by a similar quantum?