At what point does the massive pile of money injected into the economy translate into large price increases(i.e. inflation)? IIRC, inflation is the money supply multiplied by the velocity of money, so if the economy slows, will we suddenly see the current asset bubble turn into a price bubble? What then? Does it all just work itself out because we devalue the currency and inflate away our debt and asset bubbles, or do we get slammed by stagflation?
For those of us in the tech industry accumulating absurd salaries, what do we do to defend our wealth? Normally when inflation is coming, I'd think real estate or commodities would be a safe bet, but they're already in a bubble. It seems like jumping into them at this point might be better than nothing, and maybe that's all we can hope for at this point in the economic cycle?
For those of us in the tech industry accumulating absurd salaries, what do we do to defend our wealth? Normally when inflation is coming, I'd think real estate or commodities would be a safe bet, but they're already in a bubble. It seems like jumping into them at this point might be better than nothing, and maybe that's all we can hope for at this point in the economic cycle?