‘A record-shattering US$450 million paid last week for Leonardo da Vinci’s Salvator Mundi is surely a reflection of how years of global money printing has fuelled asset-price inflation.’ Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How are asset prices so high amid spiralling US debt, Fed recession warnings?

Or how Fed rate rises and an eye-popping price for an Old Master can coexist with a flattening US yield curve

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‘A record-shattering US$450 million paid last week for Leonardo da Vinci’s Salvator Mundi is surely a reflection of how years of global money printing has fuelled asset-price inflation.’ Photo: AFP
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