{"id":58205,"date":"2021-06-09T05:54:52","date_gmt":"2021-06-09T10:54:52","guid":{"rendered":"https:\/\/olduvai.ca\/?p=58205"},"modified":"2021-06-09T05:54:52","modified_gmt":"2021-06-09T10:54:52","slug":"one-bank-goes-apocalyptic-inflation-is-about-to-explode-leaving-global-economies-sitting-on-a-time-bomb","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=58205","title":{"rendered":"One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb”"},"content":{"rendered":"
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One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb”<\/a><\/h3>\n<\/header>\n
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As excerpted from “Inflation: The defining macro story of this decade”<\/strong>\u00a0a must-read report written by<\/em>\u00a0Deutsche Bank’s global head of research, David Folkerts-Landau, co-authored by Peter Hooper and Jim Reid.<\/em><\/p>\n

Ronald Reagan (1978):\u00a0\u201cInflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.\u201d<\/em><\/p>\n

Joe Biden (2021):\u00a0\u201cA job is about a lot more than a paycheck. It\u2019s about dignity. It\u2019s about respect. It\u2019s about being able to look your kid in the eye and say everything will be okay. Too many people today can\u2019t do that \u2013 and it\u2019s got to change.\u201d<\/em><\/p>\n

Janet Yellen (2021):\u00a0\u201cNeither the president-elect, nor I, propose this relief package without an appreciation for the country\u2019s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big\u201d.<\/em><\/p>\n

Jerome Powell (2021):\u00a0\u201cDuring this time of reopening, we are likely to see some upward pressure on prices \u2026 But those pressures are likely to be temporary as they are associated with the reopening process.\u201d<\/em><\/p>\n

Larry Summers, (2021): \u201cI think this is the least responsible macroeconomic policies we\u2019ve had in the last 40 years.\u201d<\/em><\/p><\/blockquote>\n

The above quotes highlight that US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.<\/strong><\/p>\n

It is no exaggeration to say that\u00a0we are departing from neoliberalism and that the days of the new-liberal policies that begun in the Reagan era are clearly fading in the rear view mirror<\/strong>. The effects of this shift are being compounded by political turmoil in the US and deeply worrying geopolitical risks.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

One Bank Goes Apocalyptic: Inflation Is About To Explode “Leaving Global Economies Sitting On A Time Bomb” As excerpted from “Inflation: The defining macro story of this decade”\u00a0a must-read report written by\u00a0Deutsche Bank’s global head of research, David Folkerts-Landau, co-authored by Peter Hooper and Jim Reid. Ronald Reagan (1978):\u00a0\u201cInflation is as violent as a mugger, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1839,426,4318],"class_list":["post-58205","post","type-post","status-publish","format-standard","hentry","category-economics","tag-deutsche-bank","tag-inflation","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58205"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58205\/revisions"}],"predecessor-version":[{"id":58206,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/58205\/revisions\/58206"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}