Markets face a toxic future as inflation fears grow
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By Ambrose Evans-Pritchard
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Deutsche Bank has come close to accusing the US Federal Reserve of an economic crime. It does not think the inflation strategy of the world’s superpower central bank is remotely credible. Nor do I.
The language is unusual for a report by a big global lender: “chain of financial distress around the world”; “sitting on a time bomb”; “the effects could be devastating, particularly for the most vulnerable in society”. It stops short of flagging a synchronised equity and bond market crash, but that is the implication.
Be very careful: US inflation could soon be toxic for global markets
The reopening sugar rush in the West might fade sooner than we hope, but right now the Fed is dangerously behind the curve
9 June 2021 • 7:00pm
Deutsche Bank has come close to accusing the US Federal Reserve of an economic crime. It does not think the inflation strategy of the world’s superpower central bank is remotely credible. Nor do I.
The language is unusual for a report by a big global lender: “chain of financial distress around the world”; “sitting on a time bomb”; “the effects could be devastating, particularly for the most vulnerable in society”. It stops short of flagging a synchronised equity and bond market crash, but that is the implication.
Markets face a toxic future as inflation fears grow
We’re sorry, this service is currently unavailable. Please try again later.
Dismiss
By Ambrose Evans-Pritchard
Normal text size
Advertisement
Deutsche Bank has come close to accusing the US Federal Reserve of an economic crime. It does not think the inflation strategy of the world’s superpower central bank is remotely credible. Nor do I.
The language is unusual for a report by a big global lender: “chain of financial distress around the world”; “sitting on a time bomb”; “the effects could be devastating, particularly for the most vulnerable in society”. It stops short of flagging a synchronised equity and bond market crash, but that is the implication.