One bank – BoA – turns apocalyptic: ‘Buy humiliation, sell hubris’

Zero Hedge/Tyler Turden

Repost from 3-9-2021

photo of Fed chairman Powell at podium“Bigger picture secular low point for both inflation & interest rates; coming years will be marked by bigger government (public sector monopolistic), smaller world (globalization to localization), dollar debasement (inflation solves debt), a populist electorate (voting for UBI & MMT); all in an attempt to fight the War on Inequality (taxes, regulation, redistribution); ‘buy humiliation, sell hubris’ = inflation assets to beat deflation in coming years.”

USAGOLD note: Bank of America sees yield curve control as inevitable and as a trigger to asset volatility and dollar debasement.

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