Another Iconic Deflationist Capitulates: According To Russell Napier, "Control Of Money Supply Has Permanently Left The Hands Of Central Bankers

Another Iconic Deflationist Capitulates: According To Russell Napier, “Control Of Money Supply Has Permanently Left The Hands Of Central Bankers

July 13, 2020 Jordan 0

One by one the world’s legendary deflationists are taking one look at the following chart of the global money supply (as shown most recently by DB’s Jim Reid) and after seeing the clear determination of central banks to spark a global inflationary conflagration, are quietly (and not so quietly) capitulating.