Imho we see stagflation in the medium term; loss of confidence in fed gov as dust settles will push people out of UST = rising private & public markets. Fundamentals get Chuck Liddell'd. Dow to 40k by 2023; Gilded Age will go on against sci-fi backdrop.
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no clue on on severity, seems inevitable
The money has to go...somewhere. Anyways, stocks did bad in the 70s after correcting for inflation, fwiw. May not see Dow 40k or whatever.
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Think it's completely diff beast than 70s. CPI useless for top 3-4% of net worths in US (& foreign investors) imho Gloves-off Fed with limitless bullets w/dollar + deteriorating faith in gov = insane upswing in markets Race to get good physical assets while the party continues
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How it's the same: - tons of government spending (Vietnam/LBJ's Great Society) How it's different: - There's less demand - Oil is cheap now We could see no inflation until we get through the pandemic. I agree about gettin good physical assets but that might be RE, not equity
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