The US Is Going into Hyperinflation

#1

Post by pcast » Sun, Aug 30, 2020, 4:24 AM UTC

The US Is Going into Hyperinflation
seekingalpha.com

Re: The US Is Going into Hyperinflation

#2

Post by dTal » Sun, Aug 30, 2020, 3:31 PM UTC

If this were true, why would gold be the only safe haven? Surely any other currency would suffice.

Re: The US Is Going into Hyperinflation

#3

Post by markgavalda » Sun, Aug 30, 2020, 4:02 PM UTC

dTal wrote: post #2

If this were true, why would gold be the only safe haven? Surely any other currency would suffice.

Unless you expect other countries to be in the same (or even worse) situation...

Re: The US Is Going into Hyperinflation

#4

Post by dragonwriter » Sun, Aug 30, 2020, 4:06 PM UTC

Dupe from about 12 hours previously (trying to game the fact that it was flagged?)

https://news.ycombinator.com/item?id=24317288

Re: The US Is Going into Hyperinflation

#5

Post by copperx » Sun, Aug 30, 2020, 8:54 PM UTC

What's the reputation of Seeking Alpha and why is it featured so much in HN?

Re: The US Is Going into Hyperinflation

#6

Post by perl4ever » Sun, Aug 30, 2020, 9:26 PM UTC

copperx wrote: post #5

What's the reputation of Seeking Alpha and why is it featured so much in HN?

I know of them from before/outside HN; I haven't noticed them being especially common here. I think of it as a petri dish of investing clickbait.

The merit, if any, is that it incentivizes writing on any given public company, but most of it is worthless.

The other thing, that wouldn't be on HN, is they link to earnings call transcripts. I don't know if there is some other easy way to obtain them, but it is the channel I'm aware of and seems useful.

Re: The US Is Going into Hyperinflation

#7

Post by perl4ever » Sun, Aug 30, 2020, 9:31 PM UTC

dTal wrote: post #2

If this were true, why would gold be the only safe haven? Surely any other currency would suffice.

Historically, in the 1970s and early 80s, inflation seemed very bad for stocks. Single digit p/e ratios. I'm not clear on whether it would be the same today. One argument might be that most of the stock market capitalization is so globalized these days that devaluing the US dollar shouldn't have much effect on revenue.

In other words, maybe US stocks would constitute a safe haven currency too. But I can't say I'm confident of that.

Re: The US Is Going into Hyperinflation

#8

Post by pcast » Mon, Aug 31, 2020, 6:22 PM UTC

dragonwriter wrote: post #4

Dupe from about 12 hours previously (trying to game the fact that it was flagged?) https://news.ycombinator.com/item?id=24317288

I´m sorry, I didn´t know.