How we got here is a lesson in excessive government spending.
With runaway debt, massive amounts of unrealized losses on the balance sheets of banks, and sticky inflation it hasn't impossible to think that we are well on the way toward a hyperinflationary event in the US.
This is an alarming trend that, if it is real, signals tough times ahead.
Something to pay attention to as Summer rolls on.
As Peruvian Bull highlights in his series, there is no way of solving this debt problem.
🇪🇺 #ENERGY MARGIN CALLS SEEN TOTALING AT LEAST $1.5 TRILLION - BBG *European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5 trillion, according to Norwegian energy company Equinor ASA. — Christophe Barraud🛢🐳 (@C_Barraud) September 6, 2022 Despite a
I am in no way predicting that we will see hyperinflation in the near-term.