Inflation like you have never seen before!
I can honestly say I do not know what is going to happen to the economy for the short term, but one thing I know is that we are going to see inflation like we have never seen before. Deficit spending in the past has always resulted in inflation.
Reagan's buildup of the military (I really liked the man, but have to be honest about what his policies brought us.) gave us a big run up in the deficit. The result was inflation.
In 1986 the inflation rate was 1.9%.
In 87 it was a high 3.7%
In 88 it was 4.1%
In 89 it was 4.8 %
In 90, almost two years after Reagan left office, inflation was up to 5.4%
We have just had eight years of horrific deficit spending and now we are adding to it in amazing fashion.
What I do know is that we will see double digit inflation that more than likely will outpace anything we have ever seen. You do not want to be holding cash when that happens. Somehow, cash does not keep up with inflation.
I can honestly say I do not know what is going to happen to the economy for the short term, but one thing I know is that we are going to see inflation like we have never seen before. Deficit spending in the past has always resulted in inflation.
Reagan's buildup of the military (I really liked the man, but have to be honest about what his policies brought us.) gave us a big run up in the deficit. The result was inflation.
In 1986 the inflation rate was 1.9%.
In 87 it was a high 3.7%
In 88 it was 4.1%
In 89 it was 4.8 %
In 90, almost two years after Reagan left office, inflation was up to 5.4%
We have just had eight years of horrific deficit spending and now we are adding to it in amazing fashion.
What I do know is that we will see double digit inflation that more than likely will outpace anything we have ever seen. You do not want to be holding cash when that happens. Somehow, cash does not keep up with inflation.