Zero Hedge/Bloomberg-Michael Msika and Jan Patrick Barnert/6-14-2022
“Until recently, many strategists had assumed central banks would prefer to live with rising inflation rather than put economic growth at risk. Events in the last few days are causing them to rethink that. ‘More hawkish central banks last week reminded us that inflation is their prime concern, while activity/growth and markets are lesser considerations,’ say Barclays strategists including Matthew Joyce.”
USAGOLD note: This short article delves into problems not covered extensively on US financial pages including the impact on heavily indebted nations, like Italy, which Goldman economists say is already in the “danger zone.”
