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IPFS News Link • Globalism

Blain: Will The Agreement On Global Tax Ever Become A Reality?

• Zero Hedge

Blain's Morning Porridge, by Bill Blain

Will the agreement on global tax ever become a reality? and the real threat of financial asset inflation!

"The stock market is a very expensive place to discover you know nothing…"

This morning: The G7 agreement is being hailed as a great step forward, but will it ever happen? Janet Yellen's call for higher rates is a clear sign the problem of financial asset inflation will finally be addressed – the question is how painful the treatment and taper tantrum will be? Not addressing financial asset inflation is a far bigger risk than the debt crisis many monetary traditionalists perceive has grown from government pandemic spending.  

Welcome to another week of consequences, mayhem and fun on global markets…