Jack Dorsey says ‘hyperinflation’ will happen soon

[ipatent]

What are the best inflation hedges??

Gold, commodities, gold mining stocks.

 

[MKTrader]

Not taking anything away from him, smart dude with what he does, but which school did he get his PHD in economics from again?
Did they get Madonna's opinion for that article too btw?
What Banksy say?
I'm gonna stay on the fence for now, at least till we hear from Zuckerburg.
That, or the guy that started Chewy and bought GME.

PhDs in Economics get things wrong all of the time. A coin flipper would be a lot more accurate than Krugman.

 

[vanzandt]

PhDs in Economics get things wrong all of the time. A coin flipper would be a lot more accurate than Krugman.

I am aware.
So bearing that in mind, why would Dorsey be any friggin' different?
He's in tune with something we're not?

 

[themickey]

Gold, commodities, gold mining stocks.

Wotya gonna actually really do with gold?
Oh I know, hang it around neck, otherwise lock it up in a vault, that will be so satisfying.

 

[ipatent]

Wotya gonna actually really do with gold?
Oh I know, hang it around neck, otherwise lock it up in a vault, that will be so satisfying.

How about the miners? Click on link.

 

[SammyJ]

A 10 yr at 1.6% with inflation going wild isn’t really surprising .It’s just more of the same we’ve seen for a decade. Nothing makes sense .

 

[themickey]

How about the miners? Click on link.

The gold miners haven't been fairing well for over 12 months.
The problem with gold and silver (as well as crypto which I believe will trade in time like gold & silver) is they move erratically, very hard to pin down why they move logically.
Most metal commodities move on supply & demand, warehouse levels etc and often trend nicely, relatively easy to trade. Not so gold and silver, they are only partially correlated to a number of things but only enough to be dangerous and confusing.
Most metal commodities are easy to trade as they obey most TA rules, not so gold & silver, they behave more like currencies, all over the shop.

 

[longandshort]

so now we take this guy serious?

Not that I disagree completely (inflation is a result of printing), but I'm sure his kind had no trouble greasing palms to pass the CARES act and related bailouts.

ah yes gimli's second cousin

 

[Pekelo]

What if it is not hyper, just high inflation of let's say 10-20% for the next decade?

 

[LuckyMac]

Yeah. No. Where is his rationale?

Hyperinflation is IMO conditional on a complete collapse of manufacturing and supply chains so that very little demand can be met.

One thing I learnt (after reflecting on my own failed attempts at predicting doom through the years) is that doomsaying feels very good, because you think you're smarter than everyone else.

Very true, also people have to realise the macro view and that if it does happen it will re cycle. The doomsday only lasts a short while because all resets