The second inflation wave will come when CBs launch the next round of QE to save the system with record high public deficits and most of the people working employed by the public sector producing nothing, people will completely lose their trust in govt currencies.
— Gerardo Moscatelli (@gemoscatelli) November 13, 2023
The forthcoming second wave of inflation appears poised to coincide with central banks initiating the next round of quantitative easing to support the system amidst historically high public deficits. Additionally, with a significant portion of the workforce employed in the public sector contributing less to productive output, this scenario could potentially erode public trust in government currencies.
Japan has an estimated 5,300 tonnes of accumulated gold, roughly 10% of global gold reserves
People in Japan have been stockpiling gold to hedge against economic instability for a long time
It is the heartbeat of where monetary madness lives
Gold is a hedge against stupidity
— Gold Telegraph ⚡ (@GoldTelegraph_) November 12, 2023
The biggest characteristic of Emerging Market Style Landing is a crashing currency!
A lower dollar would pump inflation back as commodities and risk assets will rally (as per script) t.co/1hcZUjsyrY
— The Macro Guy (@SagarSinghSetia) November 13, 2023