Saturday, November 05, 2022

Not happy reading here. First, "A major hedge fund just warned that hyperinflation could lead to ‘global societal collapse’—and it blames the central bank."

Facebook  Donald Sensing
"Rising inflation and the largest interest rate hikes globally in two decades have set the stage for the biggest economic upheaval since World War II, according to Elliott Management, a major hedge fund that manages nearly $56 billion in assets...rising inflation with aggressive interest rate hikes that international institutions including the World Bank and the UN have warned could trigger a global recession.
  • Then couple that with, "Europe’s descent into deindustrialisation".
  • The rapid economic collapse that Britain is facing is simply an accelerated version of what the whole of Europe is about to go through; 
  • unsustainable borrowing to fund the gap between high energy prices and what households can actually afford...

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