Mmastodon BusinessEconomy first seen 1 d ago, last 1 d ago, peak #12
Economist argues asset price inflation now dwarfs cost-push inflation
Original: “But today’s cost-push #inflation is dwarfed by the wealth-effect driven #assetpriceinflation that has so enriched the a
Ann Pettifor writes on her Substack that the bond market is flashing a warning, and argues that today's cost-push inflation is minor compared with asset price inflation driven by the wealth effect, which has mainly enriched the already wealthy. The piece, titled 'The Bond Market's Premonition', is being shared among commentators debating inequality and monetary policy.
Why now: Markets are anxious about bond markets and inflation, reviving debate over how asset price inflation fuels inequality
Ann PettiforSubstackthe bond market
Evidence
- “But today’s cost-push #inflation is dwarfed by the wealth-effect driven #assetpriceinflation that has so enriched the already-rich.” annpettifor.substack.com/p/the-bond-m... The Bond Market’s Premonition:... · dbcurren.bsky.social@bsky.brid.gy · 2
API: https://socialmediatrends-api.osmike.com/v1/trends/1491821