Markets are realising that all the nonsense carefully constructed by those wanting to crush government spending was just a load of unsubstantiated hype on economic booms and inflation risks

Posted on

The FT has just published a comment on recent market moves saying:

An investor consensus that took months to build, namely that robust economic growth and elevated inflation would bring about substantially higher interest rates, has been coming apart, and the pain for those caught in that trade has heightened with moves in the past couple of days.

Three questions.

First, who built that consensus?

Second, why did they do that?

Third, what did they hope to gain?

Could it be that there was organised action to bring pressure to bear for lower government spending that would harm the wellbeing of ordinary people but much enhance the wellbeing of the wealthy?

Surely not?