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29/10/14
18:43
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Originally posted by timber1956
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Sweden provides an interesting cautionary tale for the Fed and the ECB. The inflationistas in the Riksbank got worried about the inflation that wasn't there, jacked the local interest rates up and killed the Swedish economy. Lars Svensson was right.
Specifically, I don't think that this story means much for the gold market beyond what it indicates about global inflation risk and there being not much to hedge.
Cheers
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timber 1956,
Lars Svensson was at Princeton, along with
Ben Bernanke!
So now no QE in Swedish Krona?
There is nothing to hedge it seems to
many; as the paper seems to become
more out of control.
Surely productivity should be the key to
any economy?
Not central bankers adjusting measures?
Thanks,
Slider