People we have seen a huge bubble in credit, we have developing countries supporting the spending of developed countries, we have governments buying toxic assets, we have ZIRP, we have QE, we have governments spending more they raise in tax receipts, etc…
Yet, the debate is on when inflation is going to get here. Lets hear from some other ideas, I mean, we have embarked on a new path, this isn’t a run of the mill recession, I keep hearing, but the path forward is just inflationary?
Even my macro view is somewhat boring, I see deflation for a year or so then inflation. Somehow, I just feel we will see a lot of surprises.
What about you?
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