Deflation? Not for a long while. Only some spot fire sales as some businesses fail.
This inflation is going to be a sustained burn with the Fed trying to convince people they have the levers and are about to pull them to contain inflation, while knowing they cannot do it in any meaningful way.
Hyper inflation of the type of the end of the Weimar Republic, or more recent examples, like Venezeula are not on the horizon.
Yet. We have a hybrid of supply shortages and shrinking workforce, and the effects of QEs. Then we're going to have the switch to low carbon economies.
We are already in a depression for people who cannot fund their lives on fixed income with the current inflation. But inflation measures have been very manipulated.
