The ‘Debasement’ Trade Is Here, and Commodities Are Sending the Warning
The Treasury doubled long-bond buybacks as diesel cracks hit a record $102.20. Jeff Currie says the gap between scarcity and repression is debasement.
When governments spend a lot of money without making more stuff, prices for things like oil and metals tend to go up—and right now they're sending that signal loud and clear. Watch what happens to these prices: if they keep climbing, it might mean money is becoming worth less, like when your allowance doesn't buy as much candy.
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