Expect big dislocations in the global economy and financial system. Irresponsible central banks are force feeding free money to an inflated financial sector. The financial sector in turn feeds asset and debt bubbles at all levels of the economy, but particularly those involving the ignorant and super-indebted consumer.
This will bring higher inflation and lower growth and will halve returns from traditional long-term financial assets over the next few years. At least half of the wealth creation of the disinflationary decades was made possible by falling inflation and interest rates.
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