The Macro Moment: Inflation, Disinflation, Stagflation, Deflation

This is the cycle we are going through. Many seem to think that things only go in one direction. This is fatal in the markets yet many of those who realize it believe that it is true for inflation.

In this video I discuss how things are going to unfold. It might take another year or more for us to see it but that is going to happen. We will move into a disinflationary stage, just like much of the EU has. Then we could see a brief period of stagflation before we move to full blown deflation. The pace is going to be determined by the reopening of supply chains and how quickly demand drops.