|
NW Indiana | I'm in the camp inflation is already here but lets keep a few things in perspective. Yes the government and Fed has dished out a lot of money in the last 12 months but the US housing market is worth 36 trillion, US stock market is worth 85 trillion, US net worth is north of 120 trillion. Injecting sub 10% of worth into something that has areas bleeding equity isn't necessarily going to mean inflation becomes a concern. Yes areas will but other areas may not. In order to get high inflation imo will take the velocity of money to increase. Loan expansion is one way to really increase not only the money supply but also velocity. Population growth is the purest form of growth and that isn't looking like it will runaway anytime in the near future. The 70's had everything to do with the baby boomers, it very well may take much more on the monetary side to light the fire than what we think. | |
|
Grain sales influenced by inflation and availability of goods.....
