Michael Burry Warns Weimar Hyperinflation Is Coming (nationandstate.com)
This is coming because of democrat policies:
-Covid shutdowns
-Massive borrowing
-Massive money printing to pay for their insane ideological agenda, pork projects, & democrat states bailouts instead of better fiscal policies
-Raising the cost of doing business through the $15 minimum wage, overregulation, tax raises, & cutting off energy sources
-Allowing too much borrowing for stock market investments
-Corruption, in government & large corporations
-Crushing small businesses
(Some of the above are mine, but to me are implied in the article)
I know my friend, of which…I was a recipient and in part, I’m ashamed. April was a scary month last year and the second worst in my history but if I’d have known what the rest of the year would have been, I’d have gone it alone and not placed a tax burden on children that haven’t even been born yet.
You shouldn’t be ashamed. You also probably shouldn’t post things like this is a “no ■■■■■ moment when in fact inflation didn’t spike. Neither in March nor in 2009 nor throughout qe
It’s possible that there is some breaking point for inflation to start creeping up but this hyperbole is just that.
Save 6 months last year related to the cost of our lockdowns during the COVID-19 pandemic Australia, with significantly higher minimum hourly rates than the USA, had well in excess of 25 years+ annual economic growth.
No. What I saw and verbally predicted was the best month in our history. Week one was right on track and so was week two. Then the media began really scaring people about the incoming pandemic. Week three was good but much weaker and week four was poor, making the month a good one but not a record. That came in May and was then exceeded in July. In my business, you always have to look at least 90 days ahead and have a fairly accurate crystal ball.