Economist covers have always been spectacularly accurate contrary indicators, rivaled only by Business Week covers. Is this a cover story? If so, bet on deflation. If not, there is a higher probability of inflation, although I never found Economist economists to be all that accurate.
Would inflation actually be hyperinflation considering how many dollars are being printed? Or would it be an acknowledgment of reality?
In some ways, I am not sure that I wouldn't be happy to see a little inflation. The interest rate on bonds is deplorable for savers, BUT then the federal debt goes into turbo mode. We have walked a thin line for several years. A has not equalled A for way too long in the rest of the world, but it will eventually lead to a crash and a restoration of A = A.
Or would it be an acknowledgment of reality?
In some ways, I am not sure that I wouldn't be happy to see a little inflation. The interest rate on bonds is deplorable for savers, BUT then the federal debt goes into turbo mode. We have walked a thin line for several years. A has not equalled A for way too long in the rest of the world, but it will eventually lead to a crash and a restoration of A = A.