The tweet was deleted by the author.
But we saved everything 🙂.
Robin Brooks analyzes the recent surge in gold and other precious metals. He notes that while foreign central banks have consistently purchased gold, their buying behavior did not significantly change following U.S. sanctions on Russia.
Instead, Brooks posits that the rise in gold prices is largely driven by retail investors, drawing parallels to past market bubbles mainly fueled by non-institutional participants.
Brooks’s perspective on market dynamics finds parallels in his examinations of sovereign risk, particularly where yield suppression and high debt intersect, as seen in his recent assessment of Japan's financial vulnerabilities amid capped yields. Further, his coverage of fiscal policy hazards underscores the broader implications of debt accumulation and expansionary measures for global asset markets.