Well, if we listen to conservatives, we should see hyperinflation right around 2010.
Precisely. Inflation was supposed to explode due to the Fed intervention to bail us out of the Meltdown. And it didn't happen.
We don't know for sure. People can make all the ignorant prognostications they want -- that doesn't mean they know what they're talking about.
inflation in consumer goods did not explode because due to carantine and big increase in unemployment public demand collapsed, causing deflation.
but in stocks there is massive inflation.
in housing, health care, education - there is big inflation.
real estate prices started growing all over the World, people feel inflation coming and transfer savings into something material
and soon or even now raw materials started to groe, look at oil..
We just finished nearly a decade of large federal deficits, quantitative easing and declining unemployment.
Inflation was minimal.
At some point, you need to reconsider your assumptions of how the economy works. This ain’t Weimar.
no, you view at it in incorrect way.
what we have now in the World is a giant crisis of overproduction, since public demand since Reagan was artificially supported and expanded with credit expansion, and credit expansion supported with money emission.
at some point you cannot expand your debt any more because increasing interests paid on your debt take increasing part of your income, decreasing your consumption
i. e. at some point your growing debt stops increasing your consumption and starts decreasing it. so, cknsumption shrinks, extra supply aka extra production must get bankrupt.
overproduction - > deflation.
severe overproduction - > severe deflation.
Deflation is so severe that even billions of dollars can only compensate fall of prices, creating minimal inflation in consumer goods.
While in stocks, housing, education, healthcare inflation is growing fast.
look at stock exchange indicies, production falls, stocks prices double.
it is hyperinflation as it is.
if you have stocks and still keep them - you are unlikely go get your money out of them.
when everybody rush into a narrow door stock market will halve st least...