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I didn't say we'd have hyper-inflation. I said we'd have inflation, and the banks are saying that too, btw. What we're seeing now isn't just some seasonal pump,
by kebman 5y ago
I didn't say we'd have hyper-inflation. I said we'd have inflation, and the banks are saying that too, btw. What we're seeing now isn't just some seasonal pump, but a huge across the board pump. Of course, if wages also reflect that increase, then there's not much of a problem. But what we're facing today is massive unemployment, and a massive amount of money sitting un-touched in banks, sometimes with negative interest. Negative interest plus more inflation equals less purchasing power for you either way you try to argue. So what we're witnessing now is a massive transfer of wealth. The only thing most normies can hope for, is a higher price on Doge. But yes, if the printing gets out of hand, we'll have hyper-inflation too. Some of these charts are already going exponential.
- splitstud 5y agoSince the massive QE is happening in economies around the world,vthere will be some flight to the dollar as well as gold. A lot of money could continue to sit at negative rates. There won't be much impetus for capital investment for a decade. It's hard to say exactly how this will play out month to month, but it is going to be a harrowing.
- XorNot 5y agoAnd there it is. An HN econ discussion with the requisite declaration that hyperinflation is just around the corner. Its too bad I can't buy futures on hyperinflation not happening when people on HN predict it will.
- kebman 5y agoHaha. Arguably you got a really good entry after Elon Musk dumped Doge. ;)