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The tide of US dollar funding may return in 2018, but at higher cost than previously
 

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The US Federal Reserve will dominate headlines on Wednesday, when departing chair, Janet Yellen, will also signal more rate increases to come in 2018. Photo: Reuters
‘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
A flood of money into the US market would have driven inflation well into double digits. Just ask the people of Venezuela what printing money does to inflation.

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