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re: The big elephant in the room no one is talking about is eviction moratoriums
Posted on 4/27/21 at 7:34 pm to PhDoogan
Posted on 4/27/21 at 7:34 pm to PhDoogan
Inflation is already ripping and will continue, regardless if the government acknowledges it or not. Unfortunately the printing our idiotic government has done will drive it. The problem this time is the fed has backed itself into a corner. When rates have to go up like the 1970’s to tamp out inflation the government will not be able to continue the borrowing and will be at risk of a default. Not sure what to own other than metals, commodities, and tangible assets. Equities probably get punished with 30% of the market likely zombie companies that the fed helped stay afloat the last year with all the handouts instead of allowing the market to clear them out. This mmt experiment won’t end well.
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