by James Hickman
Schiff Sovereign
Between press conference bust ups, tariff announcements, peace deals, and cryptocurrency reserve proclamations, it has been a busy month and a half.
Despite all this, our global economic outlook remains relatively unchanged: we’re still anticipating a pretty serious bout of inflation around the world, and I’ll explain why.
Inflation isn’t hard to understand. We all see it when we go to the grocery store, fill up our cars, or pay for tuition, daycare, or medical services.
The pandemic was the perfect illustration of how this happens; governments worldwide locked people in their homes, halting the production of goods and services. Meanwhile, they borrowed and ‘printed’ trillions of dollars, flooding the economy with money.