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Money supply growth was a factor behind high inflation in the 1970s, as the government ran up fiscal deficits and the Fed adopted loose monetary policies!
Business Insider: 'Big Short' Investor Michael Burry is Back on Twitter - and Warning of the Biggest Market Bubble in History
He's compared the hype to the dot-com and housing bubbles and said earlier this year that the stock market was "dancing on a knife's edge."
"If they say, 'We're on path, things are good,' then I would just go all in on the inflation trades. I'd probably buy commodities, buy gold!"
Fox Business: Biden's Reckless Budget Has Potential to Crush America's Economy, Trigger Massive Recession. Here's Why
The dollars currently in your bank account will become less valuable as the Fed creates more money!
CNBC: 'Impotent' Fed Policy Will Fail to Contain 1970s-type Inflation, Investor Peter Boockvar Predicts
Boockvar predicts inflation will be the most widespread in decades. "I'm in the camp that inflation lasts longer than others think!"
"Monetary stimulus has been equally breath-taking. In numerical terms, the Fed's balance sheet has almost doubled during the pandemic to nearly $8 trillion!"
U.S. equity valuations are more than double their historic average. They are also at very lofty levels that have been surpassed only once in the past one hundred years!
Trump also said he is not investing in the stock market at the moment because he thinks "it's high!"
Funds seem to be now reversing from cryptocurrencies like Bitcoin to gold as investors appreciate the reliability and stability of the precious metal!
In April, consumer prices rose 4.2 percent, the highest rate since the 2008 financial crisis. As prices rise, the value of hardworking Americans' savings and retirement accounts declines!