Hmmm, thinking more deeply about this.
He must mean that "longer term inflation expectations" are currently LOW.
In which case, the statement does make sense.
I would have thought, though, given the surging gold price over some years, and the surging oil price over a similar period of time, that "longer term inflation expectations" are currently HIGH.
But, perhaps, Big Ben and I are not living on the same planet.
Cheers
Red
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Hmmm, thinking more deeply about this.He must mean that "longer...
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