Jack Dorsey says ‘hyperinflation’ will happen soon

Discussion in 'Economics' started by ipatent, Oct 24, 2021.

  1. ipatent

    ipatent

    Jack Dorsey says ‘hyperinflation’ will happen soon

    It’s one thing to call for faster inflation, but it may be surprising to some that Dorsey used the word hyperinflation, a condition of rapidly rising prices that can ruin currencies and bring down whole economies.



     
  2. US vs Turkey
    (note left axis for Turkey inflation)

    This is not hyperinflation lol
    upload_2021-10-24_13-50-32.png
     
    cobco likes this.
  3. piezoe

    piezoe

    Not surprising. Among the Earth's nearly eight billion people there is bound to be millions of fools.
     
    Tsing Tao likes this.
  4. 2rosy

    2rosy

    2rosy says hyperinflation will not happen soon.
    who cares what people predict?
     
    murray t turtle likes this.
  5. SunTrader

    SunTrader

    And this is not 1979 either ........... lol.
     
  6. Yeah. No. Where is his rationale?

    Hyperinflation is IMO conditional on a complete collapse of manufacturing and supply chains so that very little demand can be met.

    One thing I learnt (after reflecting on my own failed attempts at predicting doom through the years) is that doomsaying feels very good, because you think you're smarter than everyone else.
     
    Bugsy, yc47ib, rerosum and 2 others like this.
  7. orbit23

    orbit23

    Paul tudor jones has said the same thing

    He said it's time to double down on inflation hedges...and also that inflation is the biggest danger.

    What does this look like on the chart and what does it mean? The last, most euphoric stage / blowoff top, IMO.
    upload_2021-10-25_0-25-7.png
     
    yc47ib likes this.
  8. Cuddles

    Cuddles

    so now we take this guy serious?

    Not that I disagree completely (inflation is a result of printing), but I'm sure his kind had no trouble greasing palms to pass the CARES act and related bailouts.

    [​IMG]
     
    cobco and VEGASDESERT like this.
  9. vanzandt

    vanzandt

    Not taking anything away from him, smart dude with what he does, but which school did he get his PHD in economics from again?
    Did they get Madonna's opinion for that article too btw?
    What Banksy say?
    I'm gonna stay on the fence for now, at least till we hear from Zuckerburg.
    That, or the guy that started Chewy and bought GME.
    :rolleyes: :banghead:
     
  10. What are the best inflation hedges??
     
    #10     Oct 24, 2021