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Heresy Financial
Apr 13, 2023
No secret that inflation has been hurting American households, and policymakers around the world have been playing catch up with inflation.
This paired with the fact that inflation has outpaced wages means that real incomes in the U.S. have been declining since 2019, which means the only way people have been able to afford to buy all the things that they are still buying is by relying on credit and pushing debt limits to all-time highs.
But the fact is the concern that is on the horizon is not inflation. The real concern is deflation. I know that most disagree with me on this topic, but there is a reason this channel is called heresy. So, what is my reasoning for this? What do I see unfolding right now that makes me see deflation on the horizon?
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