Oh, puhleez!
Does anyone really think the central bankers of this world will actually act to stop inflation?
The world has been waiting for inflation for decades to bail us out of our debts.
As money flees bonds it is more likely to be invested in oil, or steel, or gold...
Assets, in other words.
The only troubling spot is if wages for the workers start to rise. But that will be needed to offset a rise in the cost of consumer credit.
Methinks the stock averages protest too much.
They ain't making anymore world, you know.
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