The New CS Board

[jumanji0881]

'We're in untested waters' with inflation and the real winners are hard assets like gold – former JPMorgan MD : https://www.kitco.com/news/2021-07-20/-We-re-in-untested-waters-with-inflation-and-the-real-winners-are-hard-assets-like-gold-former-JPMorgan-MD.html

Excerpts:
"There is an excessive amount of debt on top of pretty much zero rates around the world," Deane said. "That debt is both at the corporate level and the individual level. It is a real concern if inflation gets out of hand."

The main issue is how to taper inflation. "If the Fed starts raising rates in this environment, the impact on the economy will be quite significant. It's a real fine line that they have to walk whereby raising rates doesn't dramatically cause a huge U-turn in the economic stability that they've been able to create," Deane explained.