Nothing to Stop Global Inflation... WIP starting to look good.
The brake on global inflation has alway been the Fed running a positive interest rate and a sound (relatively speaking) balance sheet. All that has changed in the past couple of weeks with the Fed now in the same bed as the EU and Japan.
MMT is now the 'official' monetary theory used by all the major currency central bankers. Will China one day step into the breach with a strong Yuan policy and become the new World's Reserve currency?
TIP is my measure of domestic inflation while WIP international, looks as though WIP will soon overtake TIP as my longer-term inflation loving asset of choice.
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