Gold's Santa Claus Rally

The video discusses the recent increase in global liquidity and its impact on central bank balance sheets, predicting a significant expansion over the next year. It highlights global equities as the top trade for 2020, with potential gains in gold. The discussion covers central bank assets, quantitative easing, and the shift away from rate cuts towards liquidity measures. Despite concerns, inflation is not expected to rise significantly in 2020 due to disinflationary forces like consumer goods pricing. The European Central Bank's monetary policy review and inflation rates are also examined.

What factors contributed to the recent leg up in global liquidity?

How have central bank balance sheets changed over the past decade?

What is the significance of liquidity measures used by central banks?

What are the structural forces affecting inflation in 2020?

How does the current inflation rate in the US compare to the target rate?