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theunknownknight
LSU Fan
Baton Rouge
Member since Sep 2005
53557 posts

Hyperinflation is now a reality per Bank of America



quote:

BofA: "Transitory Hyperinflation Ahead" Last week, when discussing the latest earnings call commentary, Bank of America said "Buckle up! Inflation is here", and showed a chart of the number of mentions of “inflation” during earnings calls which exploded, more than tripling YoY per company so far, the and the biggest jump in history since BofA started keeping records in 2004.

Who knew that just one week later BofA would need a bigger chart... a much bigger chart. As BofA's Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY!


LINK

Be prepared to hear the word “transitory” ALOT when talking about inflation while the democrats are in charge.

It will be the buzz word used to soften the blow until the collapse.

This post was edited on 5/4 at 2:50 pm


Ross
Auburn Fan
Member since Oct 2007
46534 posts

if people are still hanging onto dollars outside of an emergency fund, time has quickly begun to run out to preserve your wealth.


TexasTiger90
Rocky Mountain High
Member since Jul 2014
3576 posts

Let's just get it over with



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220
WhiskeyThrottle
Member since Nov 2017
3748 posts
 Online 

Over or Under 2 days before Biden blames this on Trump?


Hobnailboot
Georgia Fan
New Orleans, LA
Member since Sep 2012
4640 posts

quote:

if people are still hanging onto dollars outside of an emergency fund, time has quickly begun to run out to preserve your wealth.


^^^^

Your portfolio right now should include 0% cash.


Eli Goldfinger
Army Fan
Member since Sep 2016
29322 posts
 Online 

And “inevitable”.


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10
deathvalleytiger10
Member since Sep 2009
6180 posts
 Online 

quote:

still hanging onto dollars outside of an emergency fund


What is the magic potion?


Bulldogblitz
Mississippi St. Fan
In my house
Member since Dec 2018
24147 posts

quote:

Over or Under 2 days before Biden blames this on Trump?


It's Tuesday, so under.


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10
GREENHEAD22
LSU Fan
Member since Nov 2009
17868 posts
 Online 

Put it where, tech and small caps are about to get beat with rate increases.


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150
Ross
Auburn Fan
Member since Oct 2007
46534 posts

quote:

What is the magic potion?



An S&P 500 index fund will roughly track with the monetary expansion rate and therefore will at least mostly preserve your present day value.

Real estate will only continue to go up long term, although will take a hit when interest rates go up.

Crytocurrencies are emerging as a store of value and are outperforming every other asset class as people flock to them.

Precious metals and metals used in industry offer a last line of defense as an inflationary hedge

The absolute worst thing you can do right now is keep excess liquidity. Keep enough to cover 6 months of expenses, but no more. It is currently and will continue to be degraded in value.


Bass Tiger
USA Fan
Member since Oct 2014
34762 posts

quote:

quote:
if people are still hanging onto dollars outside of an emergency fund, time has quickly begun to run out to preserve your wealth.


^^^^

Your portfolio right now should include 0% cash.



Yeah, it’s trying to put your cash where it doesn’t evaporate anyways. I guess if you believe over the long haul stocks will still gain an average of 7-10% annually you just go all equities and ride it out.


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David_DJS
Member since Aug 2005
8346 posts

quote:

Real estate will only continue to go up long term, although will take a hit when interest rates go up.

Is there a good ETF or ETN for undeveloped land?


Roger Klarvin
Texas A&M Fan
DFW
Member since Nov 2012
46292 posts

To be fair, this is more of an indication of perceived inflation as opposed to objective evidence of inflation itself.

That being said it’s coming.


Bass Tiger
USA Fan
Member since Oct 2014
34762 posts

Imagine if/when Fed funds interest rate rises to it’s historic average of between 3-5%......oh boy...


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40
GREENHEAD22
LSU Fan
Member since Nov 2009
17868 posts
 Online 

To be honest I think it is late for most commodities besides Oil, must upside has been made.


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40
Bass Tiger
USA Fan
Member since Oct 2014
34762 posts

quote:

Over or Under 2 days before Biden blames this on Trump?



I was watching The Next Revolution (Steve Hilton) and he was playing Gaslight Media clips of people like Nicole Wallace and others giving Biden credit for Operation Warp Speed.....some crazy shite.


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40
lsu777
LSU Fan
Lake Charles
Member since Jan 2004
23930 posts

quote:

The absolute worst thing you can do right now is keep excess liquidity. Keep enough to cover 6 months of expenses, but no more. It is currently and will continue to be degraded in value.


even that can be kept in crypto honestly.


JackieTreehorn
Atlanta Braves Fan
Malibu
Member since Sep 2013
21951 posts



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90
Aubie Spr96
Utah Fan
lolwut?
Member since Dec 2009
37225 posts

I'll disagree here. There will be a pullback and a big one.


Ross
Auburn Fan
Member since Oct 2007
46534 posts

quote:

even that can be kept in crypto honestly.



In the form of a stablecoin, yes. And you'll get better interest rates than your bank could ever dream of giving you.

But even I have reservations about that. FDIC insurance on my emergency fund is hard to give up.


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