Yep. Seems like nobody’s talking inflation. Unless you’re talking to people who just left the grocery store.
Higher prices, smaller portions.
You can’t just print trillions upon trillions without inflation.
This will hurt the poor, the elderly, the pensioners, any fixed-income folks.
Illiquid investments (homes, 401ks, etc.) will provide some cushions. And of course, large debtholders will benefit the most - paying yesterday’s debts with tomorrow’s dollars.
There is so much governmental manipulation, these effects may be masked for a while. But one can defy gravity for only so long.
You are right about inflation. Trump is pretty much stuck and I don’t give him high marks for fiscal conservatism either when it comes to spending.
In order for Trump to pass any new spending the democrats demand he match his for theirs. In order for Trump to be re-elected he has to spend money.
This is our new normal - both parties get most of what they want with lavish spending and our children are left with the bill.