Investors fear governments will not – or cannot – rein in borrowing so are putting their money elsewhereNils Pratley: the AI valuation bubble is now getting sillyInvestors are piling into assets such as gold, bitcoin and shares amid worries about government debt, central bank independence, and the weakness of major currencies such as the dollar. The trade has even been given a moniker: the “debasement trade”. But what does it mean? Continue reading...