I expect real inflation to average, with peaks and troughs, 10-15% per year over the next 10 years. What a “peak” could look like, and what might happen if public confidence completely collapses, is anybody’s guess. Can the Govt maintain the facade and keep general “confidence?”
General productivity gains in the economy may help somewhat reduce the impact of inflation, but otherwise, only through constant and high inflation can the Govt reduce its massive debt and reduce the burden of the massive unfunded liabilities of Soc. Sec. etc... that are looming. Remember, inflation is a tax - so your taxes will be rising regardless!
“soar”...that’s good, right? /s
I assume by your tag you can do the math, professor. Are you as worried as I am?
where should i dump my liquid savings to keep up once inflation hits? (i need it liquid seeing i don’t qualify for unemployment)
IIR, the Treasury took steps in April to drive rates down - namely, they printed an extra 1,000 Billion dollars.
They were boasting about their success - but now rates are up almost a percentage point in 6 weeks?
How are those house sales and refinancings doing now...
Yealds didn’t sour, bring on the 18-20% interest rates that we enjoyed under Carter!!!