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by stylishskunk
Yes inflation is higher than it has been in 40 years.
The Fed’s actions will determine if we will continue inflation, start deflation, or cause stagflation.
There are a lot of similarities to the 70s and the Fed in a lot of ways is stuck between a rock and a hard place. So the expectation is we are positioning ourselves up for basically a lost decade of stagflation.
BUT what we’ve experienced over the last decade is much more similar to the Roarin’ 1920s. Low inflation/ interest rates. Irrational exuberance. Sky high valuations of garbage fuckin companies that piss money. Everyone is able to make money in the stock market (if you didn’t, you’re a true retard). Meme stocks galore. Debt bubbles.
The market NEVER has done what people expect. And that ain’t changing now.
We are no longer in for stagflation. We are setting up The
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