What do you think about Russell Napier's inflation prediction?

PredatoryFin

What do you think about Russell Napier's prediction of 4-8% official inflation in the next 10 years? Will it be back to high inflation à la 60s/70s, as commercial banks dish out lots of government-guaranteed loans and force domestic savings institutions to buy domestic government bonds while the Fed sits idly by?

Comments (3)
No. 1-3
Augustthegreat
Augustthegreat

That level of inflation rate will completely bankrupt the US government.

Mish
Mish

Editor

Unlikely to say the least

CA2020
CA2020

If the government actually hands out trillions of dollars to consumers backed by the fed, sure it could happen. I will use my funds to buy a unicorn!