Current Macroenvironment – Financial Repression or Inflation
Current Macroenvironment – Financial Repression or Inflation We are of the view that all preconditions for a Financial Repression Scenario and a Hyperinflation Scenario are met. 1. Deficit Spending exceeding Critical Threshold – Hyperinflation 2. Quantitative Easing – Increasing Balance Sheets of CBs and Low Interest Rates 3. Development of M2 Money Stock versus…