SCHQ - Low (1%) Inflation In 2020? Don't Bet On It!
- Every asset seems to be soaring in demand or price, since there is so much cash sloshing around the system, thanks to the Federal Reserve and the Treasury printing so much new cash in support of various Congressional stimulus packages since last March.
- For the most part, this money was not spent on goods and services. Most of the new money was either saved or spent on financial assets across the board - stocks, bonds, real estate, and even bitcoins, collectibles and foreign stocks.
- Are we now creating a bubble? Or is it just a case of “too much money chasing too few goods,” the classic definition of inflation?
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Low (1%) Inflation In 2020? Don't Bet On It!