Was just having this discussion w/ a friend earlier today. I agree.
I read an article recently, though I can’t seem to find it, which likened this scenario to a Tsunami where all the water first runs away from the shore and everyone stands there looking at it, or worse, chases the water. (deflation)
Then, the actual Tsunami hits (inflation) as people are standing there on what used to be dry ground.
Would like to hear your thoughts on that, Barnaby. Is inflation coming after this or is this a long defaltion cycle like Japan ? How much longer? Months? Years ? Wish I knew.
