In the short term, the U.S. economy could experience a brief period of deflation, which might stem from a severe external shock. However, this scenario is considered unlikely due to the existing fiscal framework and the U.S. status as a reserve currency issuer.
This episode of The Last Trade centers around the momentous occasion of bitcoin ETFs (exchange-traded funds) becoming a reality, marking a significant point in the asset's mainstream adoption.
As the U.S. braces for an influx of new welfare cases from the southern border and struggles with existing social challenges, the nation may face inflated consumer spending figures that belie the true economic and fiscal health of the country.
Historically, America held a positive net international investment position until the dissolution of the gold standard under President Nixon's administration. Now, the nation faces a negative $18 trillion position that continues to deteriorate.
Trying to simplify inflation is like trying to explain the entire plot of "Inception" in one sentence.
The road to hyperinflation is paved with government spending bills passed by feckless politicians who refused to take the hard medicine.
Hard times are coming, but it's beautiful on the other side.
