Bloomberg/Anchale Worrachate/7-11-2022
“Russia’s grinding war in Ukraine and supply bottlenecks from labor shortages will keep the pace of price growth elevated. Central banks will tighten policy until the economic pain forces them to shift direction and live with inflation. Constrained by the ‘hyper-politicization of everything,’ policy makers will struggle to tackle the fallout.”
USAGOLD note: The state of the financial world according to BlackRock and it doesn’t look good. Why not buy the dip? Because “policy will not quickly step in to stem sharp asset price declines.”
