The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the Eurozone and the United States already suffered downgrades of estimates before the Covid-19 crisis, but is also driving inflation higher. Add it all up and the U.S. will print an amount of money greater than the GDP of Japan, the third largest economy in the world.
All of this is going to unleash an inflationary storm.
Commodities have just broken out of a 10+ year bear market.
Gold was the first to figure this out.
Then Copper.
The constant financing of deficits in countries that perpetuate structural imbalances has not only not helped to strengthen growth, since the Eurozone and the United States already suffered downgrades of estimates before the Covid-19 crisis, but is also driving inflation higher.
Inflation Is Back. Protect Yourself | ZeroHedge
