This is the global financial portfolio, market-cap weighted.
People talking about “crazy valuations” should understand any form of deleveraging will result in their house and retirement accounts being worth 70% less than today.
Which elected official is gonna go for this? Really.
@makroblogger Jan, ref. skrekkscenariet for Norge som du nevner her: Det er sjelden man hører om bedrifter som klager på sterk kronekurs (evt. lovpriser svak kronekurs). Er kronekursen mindre viktig for vårt næringsliv enn de fleste økonomer er skolert til å tenke?
@makroblogger Kan du hjelpe meg å forstå denne setningen litt bedre? «Finanspolitikken skal strammes kraftig til, mens den private finansielle sparingen vil holde seg høy. De lange rentene vil i så fall fortsette å falle globalt.»
«While there are many significant differences between the pandemic and WWII we would note that annual inflation was 8.4%, 14.6% and 7.7% in 1946, 1947 and 1948 after the economy normalised and pent-up demand was released»
https://t.co/q4LBV14bmn