At Business Insider, Harry S. Dent warns the U.S. is on a path to deflation:
Inflation is low… will stay low… and there will be no hyperinflation to speak of.
The money the Fed printed has largely gone into financial speculation. It hasn’t performed any real stimulus efforts by expanding the money supply through lending and spending.
So instead of inflation, we’ve seen bubbles pop up all over the financial markets. And they’re just like the ones we’ve seen before when tech stocks blew up. It was the same with real estate to follow… then emerging markets… then commodities… then gold… then junk bonds… then Treasury bonds.
Those bubbles did nothing to create a stronger future.
Read the whole piece.
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