Recession better than inflation ?
346 interest rate hikes have taken place to date around the world, an absolute record since the 1980s !
The only weapon to counter inflation is for the key rate of a central bank to exceed the rate of inflation by around 150 basis points, knowing that this rate must be maintained at these levels long enough.
Are central banks ready to do so? YES
Will this cause a recession? YES
Dear readers,
For more than 15 years I have maintained this blog with assiduity and passion. Over the years, you have appreciated my often avant-garde, sometimes provocative, always sincere analyzes and positions. We form a community that has often been right too soon, which can nevertheless pride itself on having often been right. As you know, this work has – and will continue – to remain voluntary, accessible to all. For those who would like to make a one-time or recurring donation, I nevertheless provide this payment platform. I would greatly appreciate your pecuniary contributions and I would like to sincerely thank all those who decide to take the step of making me a donation that I like to describe as “intellectual”.
Sincerely,
Michel