What did a lot of us say? Deflation followed by inflation, followed by hyperinflation. This is why PM’s have always been my fallback (other than real estate and durable goods). And I mean PM’s of which I have physical possession.
We are likely headed into a deflationary depression. The BDI has collapsed. its a global slowdown. The Fed is like a hamster on a wheel. They can’t get off. As soon as they raise rates the stock market tanks and the fragile housing market collapses again. Not to mention now they are paying the national debt at a higher rate. Its all bad. I predict they either don’t raise or try to raise one time and when the SHTF they have to lower again.
amen