On today’s Macro Markets show, veteran stock market and Cointelegraph analyst Marcel Pechman starts by analyzing Argentina’s 150% inflation, which proves that people continue to work and consume even if their local currency loses its value.
You might think that those investors would quickly learn their lesson, but in reality, quite the opposite occurs. All it takes is a new marketing strategy — a new way of promising free money — just like the Argentines have a tendency to forget the mess the governments have caused over the course of 10 years.
The show’s next segment covers the topic most loved by economists: the inverted yield curve. This event happens when shorter-dated Treasurys have higher returns than longer-term ones, suggesting the United States Federal Reserve will hurt the economy.