Banking Crises, Safe Cash, And What Next
At the beginning of March there was momentary clarity. On Tuesday 7th March, the US Federal Reserve (their equivalent of our Bank of England) stated that they might have to raise interest rates more than expected, to beat inflation – which is what we always thought would happen. Christine Lagarde, head of the ECB (European Central Bank) dramatically joined in, proclaiming that the inflation monster must be slain.
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