I wouldn’t be so certain to expect inflation off this. The amount of economic destruction exceeds what has been handed out, and the deflation from debt default will be quite large.
I wouldn’t be so certain to expect inflation off this. The amount of economic destruction exceeds what has been handed out
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You do recall the era of stagflation don’t you? That’s the wicked combo of high unemployment, economic stagnation, and rising prices. We went through that in the 70’s. Economists didn’t think inflation could occur during a weak economy. They were wrong.
We’re in somewhat uncharted waters but one thing is clear: the Fed’s printing presses are running at full capacity.
High inflation significantly erodes purchasing power. Hard assets can be an effective hedge against it. Just saying.