Make Global Inflation Great Again! Is Trump the Inflation President? Spotlight on Bonds, Oil, Gold, Attitudes
A near-universal consensus has formed that Donald Trump is the ‘inflation president,’ and several publications all say so. Bloomberg goes so far as to say, “Trump is about to make inflation great again.” Are interest rates headed to the moon?
Mish discusses the inflation roll call; bond market reactions; crude oil is not signaling inflation; gold; questions still abound; global trade war possibilities; and whether the Fed will hike.
That Trump is the inflation president is not a certainty, but history suggests that universal agreement on economic matters is nearly always wrong.
The last time the Wall Street Journal, New York Times, Financial Times, Money, Fortune and Bloomberg all agreed on something, they all thought Hillary would win. They all thought stocks would sink. Now they all tell us inflation is a sure thing.
“People are sucking in that news like orange slurpies on a 102-degree day. Go figure,” says Mish.