Market Thinking

making sense of the narrative


Tag: Economic Long Covid

AFR; Revenge of the deadly trinity of zeroes

The latest piece for AFR went up yesterday. It is behind a firewall, so here for readers is a version of the draft I sent. Essentially it is making the point that inflation has not arrived thanks to Zero Interest Read more…

After a year of bad policy, the risk is that the Central Bankers say ‘hold my beer’

The dirty little secret of Monetary Policy in much of the west is that it has actually long been really a form of fiscal policy. When you have a population with large amounts of floating rate debt, changing the cost Read more…