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Premium: Inflation returns
Maybe the Bitcoin punters, many of whom are stocking up on the cyber currency as an inflation hedge, are acting rationally after all. Â
The late Cees Bruggemans was a colleague, kind of, in the 1980s when he wrote the incredibly popular Rex Column for the Sunday Times. A brilliant economist, he confided a couple decades later that he was only able to retain his sanity by focusing on a narrow group of data. Such had been the complexity explosion.
I'm not sure whether Stanlib's Kevin Lings follows the same approach, but from what I've seen he certainly does manage to hone in on the most critical stuff. He did so again yesterday when sending out a note on US house prices, now rising at their fastest rate in at least two decades.
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