***SOLD OUT***Caught in a Trap? What do Central Banks Do Next?
Inflation is raging, yet interest rates are miles behind price increases. Currencies, the euro and sterling are faltering, the dollar ascendent. Markets are hoping the central banks have got their act together, but betting that they don’t. Bond yields are up and the great debt bubble, inflated over the past ten years, threatens to burst, catching the central banks in a trap of their own making. Is there a way out? Or will they like, in the 1980s, engineer a global recession to bring inflation under control? Big decisions, huge consequences, a monumental few months ahead.