Macquarie analysts cited in a Dow Jones / Market Watch (gated) piece:US "neoliberal vision" of economic policy management may be fading outTaken over by a "populist economic vision" Macquarie analysts refer to the new populism as "popunomics" and say its "inflationary by design":while US inflation may continue to stay low in the next few months and allow the Fed to start easing in September, once 'popunomics' is invoked, inflation will be a feature of the systemUS yields may again risethe Fed's easing cycle may be shallower than presumedIf this continues to weigh on stockmarkt is won't be popular at all. I guess the epic rise in US government debt is just a hidden form of populist economics.
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