Silly fear porn. Hyperinflation would be 1,000% annual.
Our current inflation is similar to what we had in the 1970s and for many of the same reasons.
The Fed is doing its part to kill inflation. Now voters need to kick out every progressive anti fossil fuel zealot.
“Hell is coming. … This was a feeling like I’ve never had. Like there’s a tsunami coming. The tsunami’s coming in. You feel it in the air. The tide starts to roll out. And on the beach, people are playing and having fun like there’s nothing’s going on. And that is a feeling I’ve had for the last two months,” he said.
I still remember Ackman on CNBC saying he’ll is coming.......almost perfectly timed the stock market bottom.
These people often have their own motives. Listen to them at your own risk.
The fed is the problem….
Baloney. In Turkey inflation is 85% by government stats, up to 200 by shadow stats. Here 8.5 (lol) in the Uk 10%, Germany 10%, Poland 17, Estonia 22.
In this connected world, if one place like Turkey goes hyper, it will spread rapidly. You are kidding yourself to blow this off because it isn’t at a thousand yet.
Like the famous quote about bankruptcy. Slowly at first, then suddenly.