I know from your prior posts that you're well aware of the general trend of monetizing of debt by most of the central banks around the world. Most have no choice but to do so. The only question is, at what pace can they do so.
I agree that we're back in a normal trend of money supply growth as opposed to covid times being radically more aggressive expansion because it was politically acceptable to do so.
Now it appears that they're almost all want to monetize at the "fastest possible rate that is both politically acceptable, combined with watching what the FX markets will do to them if they print too quickly.
Good post. Thanks.
I know from your prior posts that you're well aware of the general trend of monetizing of debt by most of the central banks around the world. Most have no choice but to do so. The only question is, at what pace can they do so.
I agree that we're back in a normal trend of money supply growth as opposed to covid times being radically more aggressive expansion because it was politically acceptable to do so.
Now it appears that they're almost all want to monetize at the "fastest possible rate that is both politically acceptable, combined with watching what the FX markets will do to them if they print too quickly.
Very useful for sure! Thanks.
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