It's taken global government and CB stimulus to get us now to the point of even considering hyperinflation. Perhaps we have little control as inflation can be imported and the severity could be heightened by an escalating AUD.
With housing interest rates at a "catchy" 1.99% (real variable rate around 4%) many renters with jobs are accessing their buying advantage. Many now find that if they could buy the place they're in the repayment could be around 25% cheaper than the rent they are paying. The scale of government and CB stimulus in the economy is there to drive down the jobless rate, which it will, once government gets round to releasing a vaccine into the population.
Of course hyperinflation is the near end game, if this stimulus works, but before that asset inflation could deliver us a 1920's boom. The parallels are frighteningly scary. China might look to be with an advantage but history shows that will not be of any help. It's a global economy and any advantage taken will alter the geopolitical equation with unknown consequences.
