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Bankless cover image

115 - The Stagflation Mega-Trade | Dan Morehead

Bankless

NOTE

Inflation Rates As Measured, As High As 19 82

The federal reserve pumped up a bubble in bonds that is just really off the charts. Got the bond mortkag so far ahead of where it could or should be. The bond market is obviously what fuels the mortgage industry. A record number of americans took out a mortgage last year and bought property. Not surprisingly, houses are up 19 %. So if you are a home owner, that's a good thing. But 35 % of Americans are not. i think it's a terrible thing. It's created a massively overheated economy. This is not transitory. This is a massive, massive problem.

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