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15-20 YEARS OF DEFLATION?

That’s what renowned economist Dr. Lacy Hunt is calling for.

  • The US is in a period of debt deflation that may take up to 15 to 20 years to normalise
  • The S&P is at risk of some ‘false dawns’
  • There will be a major shift in US consumer behaviour as savings start to rise and people live more within their means
  • He describes the US stimulus in its current form as a grab bag of political promises and says it may be doing even more damage
  • Diversified equity portfolio models may not work in the debt deflation environment

Read the full article here.

*Thanks to reader DF

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