Kev, man. That is such a good question. Just came up the board the other day.
I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.
On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.
Bottom line is I don’t know what’s going to happen anymore.
If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.
