I will state though that at this point, I think the most likely “inciting incident” for turning things overtly inflationary will be a US govt funding crisis in which our foreign debtors finally realize they’re not geting paid back in real terms. Of course, that is a speculation as well.[/quote]
I 100% agree. However, I think we will see a significant contraction before then over the next year or two and ultimately a bond market dislocation. In fact, I think we are approaching an inflection point now. Unfortunately, this could lead to more than economic stress.
