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42 sats \ 0 replies \ @Sandman 21 Oct \ parent \ on: What Will the Next Gold Bust Look Like? econ
Humm okay! Central banks can hike rates hard, as Volcker did in 1980 despite deficits. But today’s $2T plus annual shortfalls mean debt servicing spikes fast, risking default or inflation. Tightening power exists, but political will and market tolerance are weak. Bust trigger? Yes! Very Possible, but not certain. 🤔🤔