The US is currently experiencing a deflation; the Fed and the Administration are taking extraordinary steps (massive deficits and stimulus spending) to avoid a deflationary spiral. Unfortunately, they have been unable to offset the fall in consumer spending, and the money printing has been overwhelmed by credit contraction. Yields are low, unemployment is high, CPI numbers are down – every indicator screams ‘deflation’. So the notion of an impending hyperinflation seems bizarre; and yet that is what Lira predicts. Hyperinflation … Continue reading →