Inflation, Interest Rates and Central Banks: A Perfect Economic Storm

Inflation, Interest Rates and Central Banks: A Perfect Economic Storm

The European Central Bank has increased interest rates ten times in two years and inflation is still way above its own 2% target. Meanwhile, neither the US Fed nor the Bank of England have finished their hikes.  When will this stop? Are central bankers betting on recession and if so, what happens to all the debts built up in the pandemic?  No growth and high-interest rates normally mean defaults. Are we about to enter a global era of recurring and revolving debt crises? Be prepared!

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