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John Williams of Shadow Stats: Interview on 2014 HyperInflation Call
I don't disagree with a fair amount of what Williams has said, but he's sort of Hussmaning. I think people should devote a good deal of their portfolio to companies that can fare well in inflation - core needs, healthcare, real estate, "toll road" style companies (pipelines), real assets (oil co's, other commodity co's, etc) and more. I do think that people should be diversfied globally. I do think that there is more inflation than the CPI indicates and that a significant portion of the population is being noticeably effected by it in their daily lives. If prices aren't going up, portions are going down (or both.)
If there was hyperinflation, I feel as if that would come from an external source and that would cause ripples globally. I feel, if anything, more likely would be a move towards a centralized currency (SDRs?) and away from the dollar as the global reserve currency. That would be a huge change globally - and I think the dollar will not only not be the global reserve currency forever, but that there will be changes in that direction over the next decade), but it would be a somewhat more gradual move towards a rebalancing in the global economy vs some other countries doing something suddenly (end of the Petrodollar?) that would cause dollar problems quickly.
Comments
peace,
rono
If there was hyperinflation, I feel as if that would come from an external source and that would cause ripples globally. I feel, if anything, more likely would be a move towards a centralized currency (SDRs?) and away from the dollar as the global reserve currency. That would be a huge change globally - and I think the dollar will not only not be the global reserve currency forever, but that there will be changes in that direction over the next decade), but it would be a somewhat more gradual move towards a rebalancing in the global economy vs some other countries doing something suddenly (end of the Petrodollar?) that would cause dollar problems quickly.
Regards,
Ted
http://www.avaresearch.com/avanew/articles/691/Dismantling-John-Williams-Hyperinflation-Predictions.html