, Columnist
Bonds are on the Road to Nowhere, aka the ‘70s
Financial repression and helicopter money are coming, and that means inflation eventually.
Next stop, the 1970s.
Photographer: inhauscreative/Getty Images
This article is for subscribers only.
To get John Authers' newsletter delivered directly to your inbox, sign up here.
We don’t know where we’re going, but we do know where we’ve been. And once we look at the history of debt, we know what probably lies in the future.