Economic Conditions Rapidly Deteriorating All Over The US
Channel: The Nomad Economist
Date: 2020-12-18

Economic Conditions Rapidly Deteriorating All Over The US
We've had massive inflation in stocks , hospital care and housing and now a slight uptick in food prices . A bushel of wheat in 1923 was $3.25 now it it $6.00 . A dozen eggs was 12 cents and now a $1.50 . Food in the USA is a incredible bargain at 9.7% of annual income compared the France at 31% . When people stop paying $6.00 for a cup of Starbucks coffee then you might have my attention .
Hyper-inflation of the dollar is now becoming obvious to a growing cohort of investors. It is driven by factors on both sides of bank balance sheets, with evidence that large depositors are reducing their term deposits and increasing their instant access checking accounts. This appears to be behind the increase in M1 money supply fuelled out of a shift from the M2 statistic, which includes savings deposits.



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