Central bank rate cuts will only come from a very weak economy.
As more of the newly created currency goes to relatively rare assets, a looser monetary policy may also support this recovery in commodities.
Due to the monetary destruction that central banks have implemented, equity markets may continue to perform satisfactorily, but volatility will likely rise as market optimism clashes with economic reality.
Although 2024 will probably not be the year of central bank digital currencies, they are in the pipeline, and this means even more monetary debasement.
As central banks prepare the way for digital currencies, which are the closest thing to surveillance disguised as money, reserves of value are more needed than ever before.
2024 is likely going to be a year of significant slowdown in the major economies considering the current trends in the private sector and a year of rising public debt, which governments will try to disguise with the destruction of the purchasing power of the currency.
Either way, the key in 2024 will be to expect more currency destruction.
https://mises.org/wire/expect-more-currency-destruction-and-weak-economies-2024
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