This week, we saw significant developments in both inflation, interest rates, bond yields and financial instability. Inflation is still running red hot and some central banks are putting an aggressive stance to combat this inflation through aggressive interest rates rises, however, the real test of central bank resolve is soon approaching.
Adams suspects much faster than what people anticipates. Adams believes that the central bank pivot is coming because the implications of the debt bubble unravelling go beyond just economics, as in the case in Sri Lanka political and social stability are also at risk.
The ruling elite will be looking at Sri Lanka and be extremely nervous about chaos and revolution in their own countries and whether they are at risk of losing political power or even worse – risk of imprisonment or assassination.
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