PF - right on the money (oh yes... all I have is bad puns).
It's all about velocity.... or, lack of.
Whilst the theme of the day is printers go brrrr... and yes, they are brrrring... all the digital currency pouring out of the Central Banks and governments, is just pouring out of a bucket with too many holes. High savings rates and debt payments (cash vanishing from the economy), sees deflation winning the day, but... I do honestly believe it will soon be replaced by what most in the financial media seem to be wishing for... inflation.
Do you chart the USD?
I follow a really great T/A gentleman (Northstar) on Twitter. Here is just a taste.
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