Concern about inflation continue to push bitcoin and commodities
Prenumeration
The strong market continues where the big theme is continued support. But it is just not us who are worried about what will happen in the next step. Will aid create a new wave of inflation? What will happen when the aid is to be withdrawn and the economies have to manage on their own?
The major stimulus from central banks that explains much of the price rise in both the equity and commodity markets are unlikely to end soon. This is since Janet Yellen now takes over as minister of Finance in the new US government, at the same time as the incoming president Joe Biden has started to talk about trillions of USD in support. It may also explain the rising inflation expectations we have seen recently.
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